My supervisor is putting my name on a paper I disagree with. What will happen if it is found to be wrong? My supervisor is publishing a paper and naming me as the first author. I did the data analysis for the paper but part of the interpretation in the paper I regard as wrong. 

I argued with him but he insists that he would not change that point.  (The point serves many of his other papers.) The paper correctly attributes that I did data analysis and he designed and wrote the paper. It also says all authors agree with the content. Because graduation requires a paper, I have to accept that. 

What if the point turns out to be wrong? There are numerous records showing that I argued with him and I disagree with that point. I have done my part faithfully.
Usually nothing happens to the authors if the paper is wrong.  

Circumstances vary based on the topic and the way the paper is wrong.  So you, having read the paper, know more about the risks than we do.