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upton upton
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7 years ago
Assume that in Year 1, the ending merchandise inventory is overstated by $30,000. If this is the only error in Years 1 and 2, fill in the items below, indicating which items will be understated(U), overstated(O), or correctly(C) stated for Year 2.

Ending merchandise inventory   Year 2 ________
Beginning merchandise inventory   Year 2 ________
Cost of goods sold   Year 2 ________
Gross profit   Year 2 ________
Net income   Year 2 ________
Ending owner's capital   Year 2 ________
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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upton Author
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7 years ago
this is exactly what I needed
aricketts6@
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
carston
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2 hours ago
Thanks
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