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    Financial Accounting Study Set 13
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    Exam 8: Reporting and Interpreting Property, plant, and Equipment; Intangibles; and Natural Resources
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    An Error in the Measurement of Ending Inventory Affects the Cost
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An Error in the Measurement of Ending Inventory Affects the Cost

Question 104

Question 104

True/False

An error in the measurement of ending inventory affects the cost of sales on the current period's income statement and ending inventory on the statement of financial position.

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