If Ending Inventory Is Overstated, _______

question 89

Multiple Choice

If ending inventory is overstated, _______.

• A)cost of goods sold will be understated
• B)cost of goods sold will be overstated
• C)beginning inventory will be correctly valued
• D)the value of purchases will be understated

---

Definitions:

Recycled

This term refers to the process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of fresh raw materials, and reduce energy usage and pollution.

Municipal Solid Waste

Refers to the everyday items we discard, such as packaging, food scraps, yard wastes, and appliances, managed by local municipalities.

Dumped

The act of disposing of waste or unwanted materials in an unauthorized area, often causing environmental harm.

Landfills

Sites for the disposal of waste material by burial and the oldest form of waste treatment.