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    College Accounting
  4. Exam
    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    The Ending Merchandise Inventory Was Overstated
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The Ending Merchandise Inventory Was Overstated

Question 43

Question 43

Multiple Choice

The ending merchandise inventory was overstated.This error would cause:


A) net income to be understated.
B) assets to be understated.
C) net income to be overstated.
D) expense to be overstated.

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