DE9-14 Examine Deckers Outdoor's financial statements in Exhibit 9-1, on page 347. Suppose Deckers' reported cost of

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DE9-14 Examine Deckers Outdoor's financial statements in Exhibit 9-1, on page 347. Suppose Deckers' reported cost of inventory at December 31 is overstated by $3 million. What are Deckers' correct amounts for

(a) inventory,

(b) cost of goods sold.

(c) gross profit and

(d) net income (net loss)? Ignore income tax.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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Question Posted: Jul 05, 2024 10:09 AM

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DE9-14 Examine Deckers Outdoor's financial statements in Exhibit 9-1, on page 347. Suppose Deckers' reported cost of

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Accounting

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