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Aaron Company Uses the Periodic Inventory System

Question 68

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Aaron Company uses the periodic inventory system.If Aaron's ending inventory is understated due to an accounting error,what is the effect on net income and the ending balance of retained earnings?
Aaron Company uses the periodic inventory system.If Aaron's ending inventory is understated due to an accounting error,what is the effect on net income and the ending balance of retained earnings? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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