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    Financial Accounting Study Set 30
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    Exam 7: Inventory and Cost of Goods Sold
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    An Error That Overstates the Ending Inventory Will Cause Profit
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An Error That Overstates the Ending Inventory Will Cause Profit

Question 153

Question 153

True/False

An error that overstates the ending inventory will cause profit for the period to be understated.

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