Bosh Company failed to count $22,000 of inventory in its Year 1 year-end physical count. Required Explain

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Bosh Company failed to count $22,000 of inventory in its Year 1 year-end physical count.


Required

Explain how this error will affect Bosh’s Year 1 financial statements, assuming that Bosh uses the perpetual inventory system.

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Related Book For  book-img-for-question

Introductory Financial Accounting For Business

ISBN: 9781260575309

2nd Edition

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds

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