Question: What effect does an overstatement of ending inventory in 2009 have on the (a) 2009 year-end balance sheet. (b) 2009 income statement. (c) 2010 year-end

What effect does an overstatement of in 2009 have on the
(a) 2009 year-end balance sheet.
(b) 2009 income statement.
(c) 2010 year-end balance sheet.
(d) 2010 income statement?

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