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If the beginning g balance of the inventory account and the cost of items purchased or mad

If the beginning g balance of the inventory account and the cost of items purchased or mad

If the beginning g balance of the inventory account and the cost of items purchased or made during the period were correct, bit an error resulted in understating the firm's ending inventory balance by $4,000,would the firm net income be affected? If so, explain the amount and direction(overstated-too high or understated-too low) of the effect on net income.

Roshan kumar 08-Nov-2017

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