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    Exam 15: Accounting for Merchandise Inventory
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    The Beginning Inventory of This Year Is Overstated
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The Beginning Inventory of This Year Is Overstated

Question 66

Question 66

Multiple Choice

The beginning inventory of this year is overstated.This error would cause:


A) the period's net income to be overstated.
B) the period's net income to be understated.
C) the period end assets to be understated.
D) None of these are correct.

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