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متابعة

Which one of the following errors will result in the overstatement of net income?

A. Overstatement of beginning inventory.

B. Overstatement of ending inventory.

C. Overstatement of goodwill amortization.  

D. Overstatement of bad debt expense.

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2015/02/13
Lesley Lanag CMA CPA
من قبل Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

B.  Overstated ending inventory

 

EFFECT:

- understated cost of sales

- overstated net income

aziz urrehman
من قبل aziz urrehman , key account executive , alkhair group of companies foam manufacturing

B. Overstatement of ending inventory.  is the correct answer.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

B. Overstatement of ending inventory.

Akhter Mehmood
من قبل Akhter Mehmood , Station Coordinator at Radio Dhamaal fm94 Sialkot , Global Entertainment Pvt Ltd

B. is the right Answer

Overstatement of ending inventory.

المزيد من الأسئلة المماثلة