Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
The ending merchandise inventory for the current accounting period is overstated by $3,500. What will be the effect of this error?
A) The cost of goods sold for the next accounting period will be understated by $3,500.
B) The ending merchandise inventory for the next accounting period will be overstated by $3,500.
C) The net income for the current accounting period will be overstated by $3,500.
D) The cost of goods sold for the current accounting period will be overstated by $3,500.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 521 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I just realized you had posted this! Thanks so much
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1253 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 4432
  
 503
  
 907
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Does a gender wage gap exist in America?