Business, 06.07.2019 04:30 KariSupreme

If a company understates its count of ending inventory in year 1, which of the following is true? -costs of good sold is understated at the end of year 1.-profit is correct in year 2.-the balance of retained earnings is overstated at the end of year 1.-the balance of retained earnings is correct at the end of year 2.

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If a company understates its count of ending inventory in year 1, which of the following is true? -c...

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