In 2017, Ending Inventory Is Overstated

question 151

Multiple Choice

In 2017, ending inventory is overstated. What is the effect of the error on net income in 2017 and 2018?

• A)Net income is overstated in 2017 and understated in 2018.
• B)Net income is understated in 2017 and overstated in 2018.
• C)Net income is understated in 2017 and 2018.
• D)Net income is overstated in 2017 and 2018.

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Natural Environment

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A set of eight international development goals that were established to address global issues such as poverty, education, and health by 2015.

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