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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 6: Inventory Costing and Valuation
  5. Question
    If an Inventory Amount Is Reported in Error, It Can
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If an Inventory Amount Is Reported in Error, It Can

Question 93

Question 93

Multiple Choice

If an inventory amount is reported in error, it can cause a misstatement in


A) Cost of goods sold
B) Gross profit
C) Net income
D) Current assets
E) All of the above

Correct Answer:

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