Vanida Company understated its 2021 ending inventory by $27,000. Determine the impact this error has on ending

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Vanida Company understated its 2021 ending inventory by $27,000. Determine the impact this error has on ending inventory, cost of goods sold, and owner's equity in 2021 and 2022.

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Accounting Principles

ISBN: 9781119707110

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

Question Posted: Jun 29, 2022 03:18 AM

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Vanida Company understated its 2021 ending inventory by $27,000. Determine the impact this error has on ending

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Accounting Principles

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