Zebra Company Overstated Its December 31, 2016 Inventory by $5,200

question 161

Multiple Choice

Zebra Company overstated its December 31, 2016 inventory by $5,200.Which statement is true concerning Zebra's financial statement amounts for 2016?

• A) The current ratio is overstated.
• B) Cost of goods sold is overstated.
• C) Working capital is understated.
• D) Net income is understated.

---

Definitions:

Mood Disorder

A mood disorder is a mental health condition characterized by disturbances in a person's mood, causing significant distress or impairment in daily functioning, including conditions such as depression and bipolar disorder.

Identical Twins

Twins who are genetically identical because they were formed from a single fertilized egg that split into two.

Suicides

Acts of intentionally causing one's own death.

Annually

Occurring once every year.