Because an Inventory Error Causes an Offsetting Error in the Next

question 83

Multiple Choice

Because an inventory error causes an offsetting error in the next period,

• A) Managers can ignore the error.
• B) It is sometimes said to be self-correcting.
• C) It affects only income statement accounts.
• D) If affects only balance sheet accounts.
• E) Managers can ignore the error and it is sometimes said to be self-correcting.

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