Question: - A. B. C. D. If inventory is overstated then the___A_________ account on the income statement will probably be understated. - A. B. C. D.

- A. B. C. D. If inventory is overstated then the___A_________ account on the income statement will probably be understated.
- A. B. C. D. If credit sales (Revenues) are overstated then the _____B_______ account on the balance sheet will probably also be overstated.
- A. B. C. D. If LT Debt is understated then the ______C______ account on the income statement will probably also be understated for the related payments needed for lenders.
- A. B. C. D. If the company is underreporting Long Term Capital Leases for the lease of a building (understating lease liability) then the related ______D__________ account on the balance sheet will also be understated.

A. Cost of Goods Sold (COGS).
B. Accounts Receivable.
C. Interest Expense.
D. Property, Plant, & Equipment (PP&E

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