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If other items remain the same, the larger the ending inventory valuation, the a. higher the cost of goods sold. b. higher the reported net
If other items remain the same, the larger the ending inventory valuation, the
| a. higher the cost of goods sold. |
| b. | higher the reported net income. |
| c. lower the reported gross profit on sales. |
| d. | lower the reported net income. |
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Knowledge Audit Its Learning Lessons
Authors: Ajit Kumar
1st Edition
3659494836, 978-3659494833
