If the ending inventory is overstated then

If the ending inventory is overstated then - assets are...

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If the ending inventory is overstated then: assets are overstated and the liabilities are understated. assets are overstated and stockholders' equity is overstated.
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Unformatted text preview: assets are overstated and the cost of goods sold is overstated....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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