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    Financial Accounting
  4. Exam
    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
  5. Question
    In the Year of an Overstatement of Ending Inventory,cost of Goods
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In the Year of an Overstatement of Ending Inventory,cost of Goods

Question 21

Question 21

True/False

In the year of an overstatement of ending inventory,cost of goods sold will be understated and net income will be overstated.

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