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    College Accounting Study Set 2
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    Exam 15: Accounting for Merchandise Inventory
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    An Incorrect Calculation of Ending Inventory Affects
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An Incorrect Calculation of Ending Inventory Affects

Question 27

Question 27

Multiple Choice

An incorrect calculation of ending inventory affects:


A) cost of goods sold.
B) gross profit.
C) net income.
D) All of the above are correct.

Correct Answer:

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