Question: Knowledge Check 0 1 Complete the sentence by selecting the correct term using the drop - down list. A company overstated its ending inventory at

Knowledge Check 01
Complete the sentence by selecting the correct term using the drop-down list.
A company overstated its ending inventory at the end of Year 1. If the error was not detected, cost of goods sold would be ______blank for Year 2.
multiple choice
Understated Incorrect
Overstated
Correctly stated

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