Effect of inventory errors OBJ. 6 During the taking of its physical inventory on December 31, 2016,
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Effect of inventory errors OBJ. 6 During the taking of its physical inventory on December 31, 2016, Waterjet Bath Company incorrectly counted its inventory as $728,660 instead of the correct amount of $719,880.
Indicate the effect of the misstatement on Waterjet Bath’s December 31, 2016, balance sheet and income statement for the year ended December 31, 2016.
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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