An Understatement of Ending Inventory in One Period Results in

question 100

Multiple Choice

An understatement 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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