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ACCT 301 - Quiz #2 - STUDENTS - Summer2016.pdf (Multiple Choice) The September 30 physical inventory appropriately included $3,800 of merchandise that was not recorded
ACCT 301 - Quiz #2 - STUDENTS - Summer2016.pdf - (Multiple Choice) The September 30 physical inventory appropriately included $3,800 of merchandise that was not recorded as a purchase (on account) until October. What effect will this error have on the September 30 assets, liabilities, and income for the month ending, respectively?
- a.No effect, no effect, understate.
- b.Overstate, overstate, no effect.
- c.No effect, understate, overstate.
- d.Understate, understate, no effect.
- e.None of these.
- a.No effect, no effect, understate.
- b.Overstate, overstate, no effect.
- c.No effect, understate, overstate.
- d.Understate, understate, no effect.
- e.None of these.
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
