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Author Question: Which of the following is an INCORRECT statement if ending inventory is overstated? (Read 69 times)

bucstennis@aim.com

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on: Feb 18, 2020
Which of the following is an INCORRECT statement if ending inventory is overstated?
◦ Income tax is overstated.
◦ Gross profit is overstated.
◦ Net income is overstated.
◦ Cost of goods sold is overstated.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by bucstennis@aim.com on Feb 18, 2020

GCabra

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bucstennis@aim.com

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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