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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
  5. Question
    An Understatement of Ending Inventory Will Cause an Understatement of Assets
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An Understatement of Ending Inventory Will Cause an Understatement of Assets

Question 123

Question 123

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An understatement of ending inventory will cause an understatement of assets and equity on the balance sheet.

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