Which of the statements is correct for west corporation

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Question 1: West Corporation's Year 1 ending inventory was overstated by $20,000; however, ending inventory for Year 2 was correct. Which of the following statements is correct?

Multiple Choice

Option A) Net income for Year 1 is understated.

Option B) Retained earnings at the end of Year 2 is overstated.

Option C) Cost of goods sold for Year 1 is overstated.

Option D) Cost of goods sold for Year 2 is overstated.

Reference no: EM132525346

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