(Appendices) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a...

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(Appendices) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a company has misstated its profits by knowingly establishing an incorrect amount for its periodic-system ending inventory.LO6 REQUIRED:

1. Explain how a misstatement of ending inventory can affect profit.

2. Why would a manager intent on misstating profits choose ending inventory to achieve the desired effect?

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Real Communication An Introduction

ISBN: 9781457662928

3rd Edition

Authors: Dan O'Hair, Mary Wiemann, Dorothy Imrich Mullin

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Question Posted: Sep 25, 2024 08:02 AM

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(Appendices) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a...

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Real Communication An Introduction

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