Question: QUESTION The following statement is true regarding inventory errors ( overstating or understating ending Merchandise Inventory ) : ANSWER None of the above is correct.

QUESTION
The following statement is true regarding inventory errors (overstating or
understating ending Merchandise Inventory):
ANSWER
None of the above is correct.
Inventory errors will cancel out after three periods.
Inventory errors will cancel out after two periods.
Inventory errors never cancel out without manually being
corrected.
IDON'T KNOWYET
QUESTION The following statement is true regarding inventory errors (overstating or

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