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    Financial Accounting Study Set 20
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
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    An Overstatement of the 2013 Ending Inventory Results in an Overstatement
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An Overstatement of the 2013 Ending Inventory Results in an Overstatement

Question 8

Question 8

True/False

An overstatement of the 2013 ending inventory results in an overstatement of stockholders' equity as of the end of 2013.

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