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Assume the 2021 ending inventory of Shea's Shrimp Shack was understated by $10,000. How would this error affect the amounts reported for cost of
Assume the 2021 ending inventory of Shea's Shrimp Shack was understated by $10,000. How would this error affect the amounts reported for cost of goods sold and gross profit for 2021 and 2022. Cost of Goods Sold Gross Profit 37 2021 2022
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
