An Overstatement of Ending Inventory in One Period Results in

question 142

Multiple Choice

An overstatement of ending inventory in one period results in

• A) an overstatement of the ending inventory of the next period.
• B) an understatement of gross margin of the next period.
• C) an overstatement of gross margin of the next period.
• D) no effect on gross margin of the next period.

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Definitions:

Atonia

Reduced muscle tone; condition of maximally low muscle inactivity produced by motor neuron inhibition.

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Inability

The state of being unable to perform a task or action due to lack of skill, strength, or capacity.

REM Sleep

A sleep phase characterized by rapid eye movements, low muscle tone, and vivid dreaming, playing a key role in memory consolidation and emotional regulation.