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given the following errors of the lincoln company: sales understated - 4 begenning invetory understated -...

given the following errors of the lincoln company:

sales understated - 4
begenning invetory understated - 8
interest expense understated - 2
ending inventory overstated - 7
purchase discouts overstated - 3
sales overstated - 5

net sales will be

net sales will be

a) overstated by 9
b) understated by 1
c) overstated by 1
d) overstated by 3
e) understanted by 9
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Answer #1

Solution Coverstated by 1, Explanation: Ex404s . . Effect in Net Sales Y es salles understated by 4 : Understated - 4 .:) Beg

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