Multiple Choice
If beginning inventory is understated by $1,300 and ending inventory is understated by $700,pretax profit for the period will be which of the following?
A) Understated by $600.
B) Understated by $2,000.
C) Overstated by $600.
D) Overstated by $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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