Majik Carpet Was Having Problem Selling Inventory Item #371 So

question 8

Essay

Majik Carpet was having problem selling inventory item #371 so the owner decided to place that item with a consignee to see if they could sell it. The consignee still had the carpet at June 30, 2020 and it was mistakenly not included in the ending inventory count. Indicate the amount of any over or understatement of net income for the month of June as a result of this error

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Definitions:

Executive Coach

A professional who works with executives and high-potential employees to help them gain self-awareness, clarify goals, achieve their development objectives, and act as a sounding board.

Strengths

Characteristics or attributes of an individual or organization that are regarded as positive and contribute to success or effectiveness.

Employment

The condition of having a paid position within an organization or company.

Second-Level Outcome

A result or consequence that stems from the immediate effects of an action, often indicating longer-term implications or indirect effects.