Question: Select all that apply Storm Windows Company understated their ending inventory during their first year of operations by $2,000. What is the effect of this

Select all that apply Storm Windows Company understated their ending inventory during their first year of operations by $2,000. What is the effect of this error at the end of the year? Select all answers which apply. $2,000 understatement of net income. $2,000 overstatement of net income. $2,000 overstatement of cost of goods sold. $2,000 understatement of cost of goods sold

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