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    Horngrens Accounting Study Set 2
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    Exam 6: Accounting for Merchandise Inventory
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    In a Periodic Inventory System, an Overstatement of Beginning Inventory
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In a Periodic Inventory System, an Overstatement of Beginning Inventory

Question 80

Question 80

True/False

In a periodic inventory system, an overstatement of beginning inventory results in an overstatement of gross margin.

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