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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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