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Andy Watson, CPA, is a senior auditor on the audit of Carlson, Inc. Andy is reviewing the results of analytical procedures related to inventory. For results (a),(b), and (c), select the explanation that is most likely to be consistent with the change described. Explanations may be used once, more than once, or not at all. (1) Inventory increased as of year-end. (2) Debt outstanding increased. (3) A larger percentage of sales occurred during the last month of 20 ×8, as compared to 20 ×7. (4) Inte

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