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if a company intentionally or unintentionally overstates its ending inventory, which of the following errors will result? (Select the four that apoly) a. The current

if a company intentionally or unintentionally overstates its ending inventory, which of the following errors will result? (Select the four that apoly)

  • a. The current ratio will be overstated.
  • b. The current ratio will be understated
  • c. The quick ratio will be overstated
  • d. The quick ratio will be understated
  • e. Income will be overstated.
  • f. Income will be understated.
  • g. Cost of sales will be overstated.
  • h. Cost of sales will be understated.
  • i. Inventory turnover is overstated.
  • i. Inventory turnover is understated.

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