A company takes a physical count of inventory at the end of 2008 and finds that ending
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A company takes a physical count of inventory at the end of 2008 and finds that ending inventory is understated by $10,000.Would this error cause cost of goods sold to be overstated or understated in 2008? In year 2009? If so, by how much?
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild
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