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Overstatement and Understatement Misstatements About Inventory Have What Effect on Outsiders

Question 46

Multiple Choice

Overstatement and understatement misstatements about inventory have what effect on outsiders?


A) outsiders are mislead about the true value of the inventory sold
B) outsiders are mislead about the correct valuation when the inventory is sold
C) outsiders are mislead about the future cash flows when the inventory is sold
D) outsiders are mislead about the future prices when the inventory is sold

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