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    Business
  3. Study Set
    Introduction to Financial Accounting
  4. Exam
    Exam 7: Inventories and Cost of Goods Sold
  5. Question
    If Ending Inventory Is Overstated by $5,000 in 20X3,retained Earnings
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If Ending Inventory Is Overstated by $5,000 in 20X3,retained Earnings

Question 6

Question 6

True/False

If ending inventory is overstated by $5,000 in 20X3,retained earnings will be overstated in 20X3.

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