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    Financial and Managerial Accounting Study Set 8
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    Exam 8: Inventories and the Cost of Goods Sold
  5. Question
    Assume Ending Inventory Is Overstated at the End of Year
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Assume Ending Inventory Is Overstated at the End of Year

Question 45

Question 45

True/False

Assume ending inventory is overstated at the end of Year 1 and correctly stated at the end of Year 2.Owners' equity will be correctly stated at the end of Year 2.

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