Qualls Department Store counted some of its inventory items twice.What will be the impact on its operating expenses?

Question

Quizplus · Accepted Answer

Counting inventory items twice does not directly impact operating expenses because these expenses are related to the day-to-day functioning of the business, not inventory counts. Operating expenses are separate from the cost of goods sold and inventory valuation, so errors in inventory counting do not affect them.

Qualls Department Store Counted Some of Its Inventory Items Twice