An Overstatement of Beginning Inventory Results in

question 108

Multiple Choice

An overstatement of beginning inventory results in

• A)no effect on the period's gross margin.
• B)an overstatement of gross margin.
• C)an understatement of gross margin.
• D)a need to adjust purchases.

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Definitions:

Disjuncts

Disjuncts are the separate statements or propositions in a disjunction, any of which being true makes the disjunction true.

Syllogism Valid

A form of deductive reasoning where a conclusion is correctly derived from two given premises.

Existential Import

In logic, the implication or presumption of the existence of something.

Vaccine

A biological preparation that provides active acquired immunity to a particular infectious disease.