During Year 1, ABC Inc's ending inventory was overstated by $10,000. During Year 2, ABC Incs...
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During Year 1, ABC Inc's ending inventory was overstated by $10,000. During Year 2, ABC Incs ending inventory was understated by $20.000. Assuming that the Year 2 books have not yet been closed, the adjustinent to Cost of Goods sold would be Multiple Choice AS30,000 increase A$20.000 increase A $20000 decrease A SJO000 decrease During Year 1, ABC Inc's ending inventory was overstated by $10,000. During Year 2, ABC Incs ending inventory was understated by $20.000. Assuming that the Year 2 books have not yet been closed, the adjustinent to Cost of Goods sold would be Multiple Choice AS30,000 increase A$20.000 increase A $20000 decrease A SJO000 decrease
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Answer 30000 decrease Year 1 Ending inventory means year 2 Beginning Inventory Overs... View the full answer
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