Question: Question 1 9 . 3 . 7 5 pts During the taking of its physical inventory on December 3 1 , 2 0 Y 4

Question 19.
3.75 pts
During the taking of its physical inventory on December 31,20Y4, Barry's Bike Shop incorrectly counted its inventory as $350,000 instead of the correct amount of $280,000. Please explain the effect on the balance sheet AND income statement because of this mistake.
Question 1 9 . 3 . 7 5 pts During the taking of

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