If Ending Inventory for the Year Ended December 31, 2013

question 24

Multiple Choice

If ending inventory for the year ended December 31, 2013, is overstated by $25,000:

• A) net income for 2014 will be understated by $25,000
• B) net income for 2014 will be overstated by $25,000
• C) ending inventory for 2014 will be understated by $25,000
• D) beginning inventory for 2014 will be understated by $25,000

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