The effect of an error resulting in an understatement of ending inventory is to:
A)overstate the next period's beginning inventory.
B)understate cost of goods sold of the current period.
C)overstate cost of goods sold of the current period.
D)overstate operating expenses of the current period.

Question

Quizplus · Accepted Answer

The Answer of The effect of an error resulting in an understatement of ending inventory is to:
A)overstate the next period's beginning inventory.
B)understate cost of goods sold of the current period.
C)overstate cost of goods sold of the current period.
D)overstate operating expenses of the current period.

The Effect of an Error Resulting in an Understatement of Ending