If ending inventory for the year is overstated, owner's equity ...

[ereecah]

If ending inventory for the year is overstated, owner's equity reported on the balance sheet at the end of the year isunderstated.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Inside Outfitters sold 200 of merchandise to a customer for cash. The sales tax was 8. How much sales revenue did Inside Outfitters earn?
 
  A) 200
  B) 0
  C) 216
  D) 184

[Loise Hard]

Answer to Question 1

False

Answer to Question 2

A

[ereecah]

Excellent

[ttt030911]

Thanks for the timely response, appreciate it