Multiple Choice
Zebra Company overstated its December 31, 2014 inventory by $5,200.Which statement is true concerning
Zebra's financial statement amounts for 2014?
A) Working capital is understated.
B) The current ratio is overstated.
C) Cost of goods sold is overstated.
D) Net income is understated.
Correct Answer:
Verified
Correct Answer:
Verified
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