Answered

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Which of the following statements is true about inventory errors
A . Understating beginning inventory understates cost of goods sold and understates ; net income
B . Understating ending inventory overstates cost of goods sold and overstates net income
C . Overstating ending inventory understates cost of goods sold and understate s net income
D . Understating ending inventory overstates cost of goods sold and
E. All of the above

Sagot :

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