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upton upton
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7 years ago
As a result of overstating ending inventory by $10,000 at the end of Year 1:
A) net income for Year 2 will be overstated.
B) net income for Year 2 will be understated.
C) ending inventory for Year 2 will be overstated.
D) There will be no effect on net income for Year 2.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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#1
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7 years ago
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upton Author
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