An overstatement of closing inventory in one period results in: (a) No effect on net income of
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An overstatement of closing inventory in one period results in:
(a) No effect on net income of the next period.
(b) An overstatement of net income of the next period.
(c) An understatement of net income of the next period.
(d) An overstatement of the closing inventory of the next period.
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Related Book For 
Financial Accounting An International Introduction
ISBN: 9780273685203
2nd Edition
Authors: David Alexander
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