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Green Co. Received merchanside on consignment. As of January 31, Green included the goods in inventory, but did not record the transaction .The effect of
Green Co. Received merchanside on consignment. As of January 31, Green included the goods in inventory, but did not record the transaction .The effect of this on its financial statements for January 31 would be
I know that the answer is : net income, current assets, and retained earnings were overstated. But please explain me why this is answer.
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