Question
The ending inventory of Sandies Candies is overstated by $75,000 at December 31, 20x8. What is the effect on 20x8s net income, assuming that no
The ending inventory of Sandies Candies is overstated by $75,000 at December 31, 20x8. What is the effect on 20x8s net income, assuming that no other inventory errors have occurred during 20x8?
Group of answer choices
a. $150,000 overstated
b. $75,000 understated
c. no effect
d. $75,000 overstated
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Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
