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If a company recognizes revenue earlier than justified under accrual accounting, which of the following best describes the early impact on Inventory and Cost of

If a company recognizes revenue earlier than justified under accrual accounting, which of the following best describes the early

impact on Inventory and Cost of Goods Sold, respectively?

Inventory: Understated

COGS: Overstated

Inventory: Overstated

COGS: Understated

Inventory: Understated

COGS: Understated

Inventory: Overstated

COGS: Overstated

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