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Zebra Company Overstated Its December 31, 2016 Inventory by $5,200

Question 161

Multiple Choice

Zebra Company overstated its December 31, 2016 inventory by $5,200.Which statement is true concerning Zebra's financial statement amounts for 2016?

A) The current ratio is overstated.
B) Cost of goods sold is overstated.
C) Working capital is understated.
D) Net income is understated.

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