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
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Concept Introduction Inventory is referred to as the current assets of the company The purchases of ...View the full answer
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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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