Which F the Following Statements Is True If the Amount

question 157

Multiple Choice

Which f the following statements is true if the amount assigned to ending inventory is incorrect?

• A)The balance sheet is affected,but the income statement is not.
• B)The income statement is affected,but the balance sheet is not.
• C)Neither the balance sheet nor the income statement are affected.
• D)Both the balance sheet and the income statement are affected.

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