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Indicate whether each of the following statements is true or false.(Assume a periodic inventory system)
_____ a)If the balance in ending inventory is overstated,net income will be understated.
_____ b)If the balance in ending inventory is understated,retained earnings will be understated.
_____ c)If the balance in ending inventory is overstated,selling and administrative expenses will not be affected.
_____ d)If the balance in ending inventory is overstated,cost of goods sold will be overstated.
_____ e)If the balance in ending inventory is overstated,assets will be overstated.
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Manuscript Limitations
A section in academic writing detailing the weaknesses or constraints of the study, including methods and potential biases.
Nurse Researcher
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