The ending inventory for Wyeth Company was overstated by $6,000 in 2014.The overstatement will cause Wyeth Company's
A) retained earnings to be understated on the 2014 balance sheet.
B) 2015 balance sheet not to be misstated
C) cost of goods sold to be overstated on the 2014 income statement.
D) cost of goods sold to be understated on the 2015 income statement.

Question

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The Answer of The ending inventory for Wyeth Company was overstated by $6,000 in 2014.The overstatement will cause Wyeth Company's
A) retained earnings to be understated on the 2014 balance sheet.
B) 2015 balance sheet not to be misstated
C) cost of goods sold to be overstated on the 2014 income statement.
D) cost of goods sold to be understated on the 2015 income statement.

The Ending Inventory for Wyeth Company Was Overstated by $6,000