Which of the following is correct when,in the same year,beginning inventory is overstated by $1,300 and ending inventory is understated by $700?
A)Net income is understated by $600.
B)Net income is understated by $2,000.
C)Net income is overstated by $600.
D)Net income is overstated by $2,000.

Question

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The Answer of Which of the following is correct when,in the same year,beginning inventory is overstated by $1,300 and ending inventory is understated by $700?
A)Net income is understated by $600.
B)Net income is understated by $2,000.
C)Net income is overstated by $600.
D)Net income is overstated by $2,000.

Which of the Following Is Correct When,in the Same Year,beginning