The Overstatement of the Ending Inventory Balance Causes

question 36

Multiple Choice

The overstatement of the ending inventory balance causes:

• A)Cost of goods sold to be overstated and net income to be understated.
• B)Cost of goods sold to be overstated and net income to be overstated.
• C)Cost of goods sold to be understated and net income to be understated.
• D)Cost of goods sold to be understated and net income to be overstated.
• E)Cost of goods sold to be overstated and net income to be correct.

---

Definitions:

Deviant Methods

Behaviors or actions that fall outside the normative standards or expectations of a society or community.

Criminogenic

Pertaining to or likely to cause criminal behavior.

Conflict Theorists

Sociologists who focus on social, political, or material inequalities of a social group, analyzing the social and political power dynamics that give rise to conflict and change.

Deviance

Behaviors or actions that violate societal norms or expectations, often eliciting negative societal responses.