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    Financial Accounting IFRS Study Set 3
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    Exam 6: Inventories
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    An Error in the Physical Count of Goods on Hand
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An Error in the Physical Count of Goods on Hand

Question 97

Question 97

Short Answer

An error in the physical count of goods on hand at the end of a period resulted in a $10,000 overstatement of the ending inventory.The effect of this error in the current period is An error in the physical count of goods on hand at the end of a period resulted in a $10,000 overstatement of the ending inventory.The effect of this error in the current period is

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