16. An overstatement of ending inventory in one period results in a. an understatement of the beginning
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16. An overstatement of ending inventory in one period results in
a. an understatement of the beginning inventory of the next period.
b. an understatement of net income of the next period.
c. an overstatement of net income of the next period.
d. no effect on net income of the next period.
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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