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Ending Inventory for the Current Accounting Period Is Understated by $2,700

Question 140

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Ending inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of goods sold and Net income?


A) Ending inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of goods sold and Net income? A) B) C) D)
B) Ending inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of goods sold and Net income? A) B) C) D)
C) Ending inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of goods sold and Net income? A) B) C) D)
D) Ending inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of goods sold and Net income? A) B) C) D)

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