Question: The following statement is true regarding inventory errors ( overstating or understating Inventory errors will cancel out after two periods. ending Merchandise Inventory ) :

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

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