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c. If uncorrected, what would be the effects of the error on the 20Y2 income statement? Income Statement Items Overstated/Understated Amount Cost of Goods Sold Gross Profit Net Income.

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c. If uncorrected, what would be the effects of the error on the 20Y2 income statement? Income Statement Items Overstated/Understated Amount Cost of Goods Sold Gross Profit Net Income

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  • 1. c. If uncorrected, what would be the effects of the error on the 20Y2 income statement? Income Statement Items Overstated/Understated Amount Cost of Goods Sold Gross Profit Net Income