=+During 2010, the accountant discovered that the physical inventory at the end of 2009 had been understated

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=+During 2010, the accountant discovered that the physical inventory at the end of 2009 had been understated by $11,900. Instead of correcting the error, however, the accountant assumed that an $11,900 overstatement of the physical inventory in 2010 would balance out the error.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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