Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error
时间:2021-06-23 09:22来源:未知 作者:admin 点击:
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4.Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error
A. net income is understated
B. net income is overstated
C. cost of merchandise sold is
4.Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error A. net income is understated
B. net income is overstated
C. cost of merchandise sold is understated
D. merchandise inventory reported on the balance sheet is overstated
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