What effect will the error have on net income

Reference no: EM131828050

Question: Albert Company discovers in 2017 that its ending inventory at December 31, 2016, was $5,000 understated. What effect will this error have on

(a) 2016 net income,

(b) 2017 net income, and

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131828050

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