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



Title: If Period 1 ending inventory is understated, then:
Post by: tivo on Feb 20, 2017
If Period 1 ending inventory is understated, then:
A) both cost of goods sold and net income are understated in Period 1.
B) cost of goods sold is overstated and net income is understated in Period 1.
C) cost of goods sold is understated and net income is overstated in Period 1.
D) both cost of goods sold and net income are overstated in Period 1.


Title: Re: If Period 1 ending inventory is understated, then:
Post by: antonio_john on Feb 20, 2017
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Title: Re: If Period 1 ending inventory is understated, then:
Post by: tivo on Apr 10, 2017
I appreciate it once again, answered correctly