Multiple Choice
The end of the financial year for Ziggie's Trading Company is 30 June 2019. At that date, ending inventory was understated by $3 650. The profit for the year ending 30 June 2019 will be:
A) understated.
B) overstated.
C) correctly stated.
D) dependant on whether or not the inventory increased during 2019.
Correct Answer:
Verified
Correct Answer:
Verified
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