Question
Overstated ending inventory results in an overstatement of cost of goods sold and an understatement of gross profit and net income. A. . True B.
Overstated ending inventory results in an overstatement of cost of goods sold and an understatement of gross profit and net income.
A. . True
B. . False
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
