Multiple Choice
If ending inventory is overstated in 2014, then profit will be
A) overstated in 2014 and understated in 2015.
B) understated in 2014 and overstated in 2015.
C) overstated in both 2014 and 2015.
D) overstated in 2014 and correct in 2015.
Correct Answer:
Verified
Correct Answer:
Verified
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