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

Question

A. Overstatement of beginning inventory.

B. Overstatement of ending inventory.

C. Overstatement of goodwill amortization.

D. Overstatement of bad debt expense.

Lesley Lanag CMA CPA · Answer

B. Overstated ending inventory

EFFECT:

- understated cost of sales

- overstated net income

aziz urrehman · Answer

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

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

B. Overstatement of ending inventory.

Akhter Mehmood · Answer

B. is the right Answer

Overstatement of ending inventory.