Multiple Choice
Which financial statement line item will be misstated if the 2011 ending inventory balance is overstated?
A) 2011 Balance sheet only
B) 2011 and 2012 Balance sheets only
C) 2011 and 2012 Income statements and 2011 Balance sheet only
D) 2011 and 2012 Income statements only
Correct Answer:
Verified
Correct Answer:
Verified
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