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What will cause an understatement of Cost of Goods Sold?

A. Understated beginning inventory

B. Overstated purchases

C. Understated ending inventory

D. A and B

E. None of the above

F. All of the above

Accounting Auditing Cost Accounting Budgeting Financial Accounting
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Question added by Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC
Date Posted: 2015/08/09
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Mary Grace Patano
by Mary Grace Patano , General Accountant , Logilink Freight Services FZCO

A. understated beginning inventory.

Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Option A is correct.........................

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