Atlantis Company’s ending inventory is understated $4,000.The effects of this error on the current…

Atlantis Company’s ending inventory is understated $4,000.The effects of this error on the current year’s cost of goods sold and net income, respectively, are:

a. understated, overstated.

b. overstated, understated.

c. overstated, overstated.

d. understated, understated.

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