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  3. Study Set
    College Accounting Study Set 1
  4. Exam
    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    The Ending Merchandise Inventory Was Overstated
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The Ending Merchandise Inventory Was Overstated

Question 92

Question 92

Multiple Choice

The ending merchandise inventory was overstated.This error would cause:


A) net income to be understated.
B) revenue to be understated.
C) net income to be overstated.
D) expense to be overstated.

Correct Answer:

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