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

Falk 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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