Valuation of inventory problem

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Reference no: EM13257033

Accounts officers at Xerox corporation discovered that significant errors have been made in the valuation of inventory and are worried that it might have significant impact onthe Net Income and Earnings per share. What are the possible top 3 effects of the errors on net income? What could have been the top 2reasons behind incorrect valuation of the inventory?

Reference no: EM13257033

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