Examlex
In a column chart the horizontal axis displays the ________.
Ending Inventory
The total value of all unsold goods remaining at the end of an accounting period, calculated for cost of goods sold reporting.
Ending Merchandise Inventory
The final value of goods available for sale at the end of an accounting period.
Overstated
An accounting term used when the reported value of a financial statement element is higher than its true value.
Understated
Describes an amount reported in financial statements that is less than the true, fair, or actual amount.
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