(Appendixes) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a...

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(Appendixes) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a company has misstated its profits by knowingly establishing an incorrect amount for its periodic-system ending inventory.LO6 REQUIRED:

1. Explain how a misstatement of ending inventory can affect profit.

2. Why would a manager intent on misstating profits choose ending inventory to achieve the desired effect?

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Technology Ventures From Idea To Enterprise

ISBN: 9780073523422

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Authors: Thomas Byers, Richard C Dorf

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Question Posted: Oct 05, 2024 10:02 AM

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(Appendixes) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a...

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