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Other Fields Homework Help Accounting Topic started by: tivo on Feb 20, 2017



Title: If gross profit is overstated in Period 1, then the ending inventory and net income in Period 1 were ...
Post by: tivo on Feb 20, 2017
If gross profit is overstated in Period 1, then the ending inventory and net income in Period 1 were respectively:
A) overstated, and understated.
B) overstated, and overstated.
C) understated, and overstated.
D) understated, and understated.


Title: Re: If gross profit is overstated in Period 1, then the ending inventory and net income in Period 1 ...
Post by: largerthanlife on Feb 20, 2017
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Title: Re: If gross profit is overstated in Period 1, then the ending inventory and net income in Period 1 were ...
Post by: tivo on Apr 10, 2017
Luckily this is the last business course I'll be taking. Thank you greatly