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Which of the following would cause a periodic ending inventory to be overstated? None of the above. Goods purchased and delivered, but not yet paid
Which of the following would cause a periodic ending inventory to be overstated?
None of the above. | ||
Goods purchased and delivered, but not yet paid for, are included in the physical count. | ||
Goods held on consignment are omitted from the physical count. | ||
Purchase goods shipped FOB destination and not yet delivered are included in the physical count. |
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