Which of these statements is false? A. If cost of goods sold is incorrect, ending inventory is

Question:

Which of these statements is false?
A. If cost of goods sold is incorrect, ending inventory is usually incorrect too.
B. Beginning inventory + purchases = cost of goods sold
C. Ending inventory + cost of goods sold = goods available for sale
D. Goods available for sale – beginning inventory = purchases

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

Question Posted: