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Posted on Sep 04, 2024

Which statement is NOT correct about inventory errors? A. Misstatements in inventory affect current ratios. B. Misstatements in inventory can affect the ending inventory amounts.

Which statement is NOT correct about inventory errors?

Misstatements in inventory affect current ratios.

Misstatements in inventory can affect the ending inventory amounts.

Misstatements in inventory have no effect on net income.

Misstatements in inventory can affect the beginning inventory amounts.

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