An overstatement of the ending inventory causes an overstatement of current assets and profit, as well as an overstatement of cost of goods sold for the same year.

Name: An overstatement of the ending inventory causes an overstatement of current assets and profit, as well as an overstatement of cost of goods sold for the same year.
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An overstatement of ending inventory causes an overstatement of current assets and profit, but it results in an understatement of cost of goods sold, not an overstatement.

An Overstatement of the Ending Inventory Causes an Overstatement of Current