Question: If the amount assigned to ending inventory is INCORRECT, A. The balance sheet is affected, but the income statement is not. B. The income statement

If the amount assigned to ending inventory is INCORRECT,

A. The balance sheet is affected, but the income statement is not.

B. The income statement is affected, but the balance sheet is not.

C. The balance sheet is affected, but cost of goods sold is not.

D. Both the balance sheet and the income statement are affected.

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