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<p>A. Cost of goods sold for the period is understated.</p> <p>B. Cost of goods sold for the period is overstated.</p> <p>C. Cost of goods sold for the period is unchanged.</p>
c
Very basic accounting. answer is C
The answer is "C" as it will have affect on Gross profit not on Cost of Goods sold
Answer:C
Joshi Mathew
CIA #1036906
Option C
C
Answer is C:
It will have a zero effect on COS whether counted and recorded or not counted or recorded. It will only have an effect once it is either counted or recorded, but not both.
Also, if COS is affected, then GP is automatically affected...
Good question
Answer c