If the amount assigned to ending inventory is INCORRECT, A. The balance sheet is affected, but the

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If the amount assigned to ending inventory is INCORRECT,

A. The balance sheet is affected, but the income statement is not.

B. The income statement is affected, but the balance sheet is not.

C. The balance sheet is affected, but cost of goods sold is not.

D. Both the balance sheet and the income statement are affected.

Related Book For answer-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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Posted Date: Jan 13, 2021 10:21 PM

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If the amount assigned to ending inventory is INCORRECT, A. The balance sheet is affected, but the

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Financial Accounting

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