If an error in counting ending inventory in one year will have the reverse effect in the
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If an error in counting ending inventory in one year will have the reverse effect in the following year, do we need to correct this error when we discover it? Explain.
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The error should be corrected as it will change the amounts pr...View the full answer
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119594574
8th Canadian Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
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