Errors in Measuring Ending Inventory

Errors in Measuring Ending Inventory - earnings +--+ Effect...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Errors in Measuring Ending Inventory Ending Inventory Beginning Inventory Overstate d Understate d Overstate d Understate d Effect on Current Balance Sheet Ending inventory + - NA NA Retained
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: earnings +--+ Effect on Current Periods income statement Goods available for Sale NA NA +-Cost of goods sold-+ +-Gross Profit +--+ Net income +--+...
View Full Document

This note was uploaded on 12/01/2009 for the course H ADM 121 at Cornell University (Engineering School).

Page1 / 2

Errors in Measuring Ending Inventory - earnings +--+ Effect...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online