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Moonland Company's income statement contained the following errors: Ending inventory, December 31,2021 , understated by...

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Accounting

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Moonland Company's income statement contained the following errors: Ending inventory, December 31,2021 , understated by $10,000 Depreciation expense for 2021 overstated by $1,100 What is the effect of the errors on 2021 net income before taxes? Overstated by $8,900. Overstated by $11,100 Understated by $11,100. Understated by $8,900

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