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Author Question: If ending inventory for the year is overstated, owner's equity reported on the balance sheet at the ... (Read 139 times)

ereecah

  • Hero Member
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  • Posts: 530
on: Jul 5, 2018
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


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Loise Hard

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Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

A


ereecah

  • Member
  • Posts: 530
Reply 2 on: Jul 5, 2018
Wow, this really help

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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