Which of the following would cause periodic ending inventory to be overstated? A. Goods held on consignment
Question:
Which of the following would cause periodic ending inventory to be overstated?
A. Goods held on consignment are omitted from the physical count.
B. Goods purchased and delivered, but not yet paid for, are included in the physical count.
C. Purchased goods shipped FOB destination and not yet delivered are included in the physical count.
D. None of the above
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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