Lipham Company uses its sales invoices for posting perpetual inventory records. Inadequate internal control over the invoicing function allows goods to be invoiced that do not get shipped. The inadequate controls could cause an Multiple Choice Understatement of revenues, receivables, and inventory. Overstatement of revenues, receivables, and inventory. Understatement of revenues and receivables and an overstatement of inventory. Overstatement of revenues and receivables and an understatement of inventory.