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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Which of the following is an INCORRECT statement if ending inventory is understated?
A) Cost of goods sold is overstated.
B) Gross profit is overstated.
C) Net income understated.
D) Income tax is understated.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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7 years ago
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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#2
6 years ago
This is the best resource ever, ty
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