cost of goods sold.

Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Inventories
Section: Chapter Questions
Problem 6.19EX
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Homework F21
Question 10 of 20
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X Net income will be understated when ending inventory is understated.
Understating ending inventory will overstate
O assets.
O cost of goods sold.
O net income.
O owner's equity.
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Transcribed Image Text:Homework F21 Question 10 of 20 0/1 View Policies Show Attempt History Current Attempt in Progress X Net income will be understated when ending inventory is understated. Understating ending inventory will overstate O assets. O cost of goods sold. O net income. O owner's equity. eTextbook and Media Attempts: 1of 2 used Submit Answer Save for Later 回可可 % & 4 5 6 e C b n m !!!
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