An error in the ending inventory for the year ended December 31, 2013:
A) automatically creates errors in cost of goods in the 2013 and 2014 financial statements
B) has no effect on the 2013 financial statements but will create an error in the 2014 financial statements
C) automatically creates errors in the ending inventory balance in the 2013 and 2014 financial statements
D) affects only the 2013 financial statements
Correct Answer:
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