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    Intermediate Accounting Study Set 3
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    Exam 8: Cost-Based Inventories and Cost of Sales
  5. Question
    Counter-Balancing Inventory Errors Have No Effect on the Financial Statements
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Counter-Balancing Inventory Errors Have No Effect on the Financial Statements

Question 12

Question 12

True/False

Counter-balancing inventory errors have no effect on the financial statements whatsoever.

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