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Home Q & A Board Other Fields Homework Help Business Accounting
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mkjmabrey mkjmabrey
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A year ago
An inventory acquisition is received late in the afternoon of December 31 after the physical inventory is completed. If the acquisition is included in accounts payable and purchases, but excluded from inventory, the result

▸ is an understatement of net earnings.

▸ is an overstatement of net earnings.

▸ is an overstatement of working capital.

▸ is an overstatement of owner's equity.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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Jessicav1126Jessicav1126
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A year ago
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mkjmabrey Author
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A year ago
Correct Slight Smile TY
Holly72492
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Yesterday
Thanks for your help!!
jmendoza
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2 hours ago
this is exactly what I needed
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