Zebra Company Overstated Its December 31,2017,inventory by $5,200

question 51

Multiple Choice

Zebra Company overstated its December 31,2017,inventory by $5,200.Which of the following statement is true concerning Zebra's financial statement amounts for 2017?

• A)Retained earnings are understated.
• B)Gross profit is overstated.
• C)Cost of goods sold is overstated.
• D)Net income is understated.

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