26 If, at the end of a period, a company erroneously excluded some goods from its ending inventory and also erroneously did not record the purchase of these goods in its accounting records, these errors would cause Oa no effect on net income, working capital, and retained earnings Ob.cost of goods sold and net income to be understated c. the ending inventory and retained earnings to be understated Od. the ending inventory, cost of goods sold, and retained earnings to be understated QUESTION 27 A company acquired a building, paying a portion of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, what amount is included in investing activities for the above transaction? a. cash payment b. mortgage amount c. acquisition price d. zero Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save A