If BJC's beginning inventory in the current year is overstated, and that is the only error in the current year, then BJC's income for the current year will be:
A) Understated; Assets will be overstated.
B) Understated; Assets will be understated.
C) Understated; Assets will be correct.
D) Overstated; Assets will be overstated.
Correct Answer:
Verified
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