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If ending inventory for the current period is understated, then owner's equity will be:

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If ending inventory for the current period is understated, then owner's equity will be:

If ending inventory for the current period is understated, then owner's equity will be:
A) overstated at the end of the current period and understated at the end of the next period.
B) understated at the end of the current period and overstated at the end of the next period.
C) overstated at the end of the current period, but it will be correct at the end of the next period.
D) understated at the end of the current period, but it will be correct at the end of the next period.

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Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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