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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
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    An Overstatement of Ending Inventory Will Cause an Overstatement of Assets
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An Overstatement of Ending Inventory Will Cause an Overstatement of Assets

Question 175

Question 175

True/False

An overstatement of ending inventory will cause an overstatement of assets and an understatement of equity on the balance sheet.

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