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Assuming that none of the errors were detected or corrected, by what amount will 2004 operating income be overstated or understated? A. $9,200 overstated b. $9,200 understated c. $18,800 understated d. $18,800 overstated ____ 16. Orchard Corporation"s capital stock at December 31 consisted of the following: (a) (b) Common stock, $2 par value; 100,000 shares authorized, issued, and outstanding.

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