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What is the required adjustment to the retained earnings

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Reference no: EM132939117

Question - In 2021, the accountant discovered that ending inventory of 2020 was overstated by 16,477. The company uses a perpetual inventory system. What is the required adjustment to the Retained Earnings account at the end of 2021 assuming that the books have not yet been closed?

Reference no: EM132939117

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