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Inventory Fraud Often Involves Overstating Inventory And/or Understating Cost of Goods

Question 11

Multiple Choice

Inventory fraud often involves overstating inventory and/or understating cost of goods sold. The result is a decrease in the:

A) Gross profit ratio
B) Inventory turnover ratio
C) Number of days sales in inventory
D) Two of the above
E) All of the above

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