If beginning inventory is understated by $10,000, the effect of this error in the current period is 
Definitions:
Injury
Physical harm or damage to a person's body caused by an accident or external force.
Personal Property
Movable items owned by an individual or corporation, as opposed to real estate or real property.
Restrictive Covenant
A provision in a deed or lease restricting the actions the property's owner may take with the property.
Run with the Land
Legal terms or conditions that are attached to a piece of land and bind both current and future owners.
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