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    Financial Accounting Study Set 2
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    Exam 7: Inventory and the Cost of Sales
  5. Question
    If the Ending Inventory Is Overstated, Net Income for the Same
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If the Ending Inventory Is Overstated, Net Income for the Same

Question 23

Question 23

Multiple Choice

If the ending inventory is overstated, net income for the same period will be


A) Unaffected
B) Overstated
C) Understated
D) Cannot be determined from the information given

Correct Answer:

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