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What will be the effect of this error on Net Income

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Question - In 2017 the accountant for Johnson corporation mistakenly overstates cost of goods sold by $52,000. What will be the effect of this error on Net Income for 2017?

Reference no: EM132604671

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What will be the effect of this error on Net Income : In 2017 the accountant for Johnson corporation mistakenly overstates cost of goods sold by $52,000. What will be the effect of this error on Net Income for 2017
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