Question: 4 Indicate whether the following statement is true or false. (Assume periodic inventory) If the balance in ending inventory is overstated, equity will be overstated.

4 4 Indicate whether the following statement is true or false. (Assume periodic

Indicate whether the following statement is true or false. (Assume periodic inventory) If the balance in ending inventory is overstated, equity will be overstated. True False

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