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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
If ending inventory for the current accounting period is understated by $4,700:
A) beginning inventory for the next period will be overstated by $4,700.
B) net income for the current period will be overstated by $4,700.
C) owner's equity at the end of the next accounting period will be understated by $4,700.
D) cost of goods sold for the current period will be overstated by $4,700.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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6 years ago
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gOOvER Author
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#2
5 years ago
Incredible answer, really thank you
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