Overstatement and Understatement Misstatements About Inventory Have What Effect on Outsiders

question 46

Multiple Choice

Overstatement and understatement misstatements about inventory have what effect on outsiders?

• A)outsiders are mislead about the true value of the inventory sold
• B)outsiders are mislead about the correct valuation when the inventory is sold
• C)outsiders are mislead about the future cash flows when the inventory is sold
• D)outsiders are mislead about the future prices when the inventory is sold

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