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Determine the effect of the errors on retained earnings at

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In 2016, Winslow International, Inc.'s controller discovered that ending inventories for 2014 and 2015 were overstated by 5,380,000 and 5680.000, respectively.

Determine the effect of the errors on retained earnings at January 1, 2016. (Ignore income taxes.)

Retained earnings would be _______ _________ 

Reference no: EM131010566

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