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Author Question: If Period 1 ending inventory is overstated, then: (Read 72 times)

chads108

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on: Feb 18, 2020
If Period 1 ending inventory is overstated, then:
◦ both cost of goods sold and net income are overstated in Period 1.
◦ both cost of goods sold and net income are understated in Period 1.
◦ cost of goods sold is overstated and net income is understated in Period 1.
◦ cost of goods sold is understated and net income is overstated in Period 1.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by chads108 on Feb 18, 2020

chloejackso

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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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chads108

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

DylanD1323

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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