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Ebbers Corporation overstated its ending inventory balance by $7,000 in the current year. What impact will this error have on cost of goods sold and gross profit in the current year and following year?
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Ebbers Corporation overstated its ending inventory balance by $7,000 in the current year. What impact will this error have on cost of goods sold and gross profit in the current year and following year?

User Justo
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Answer:

ZOOM

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User Rommel
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