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mamaluj [8]
3 years ago
12

(True) or (False)? Understated ending inventory results in an understatement of cost of goods sold and an understatement of gros

s margin and net income.
Mathematics
2 answers:
pentagon [3]3 years ago
8 0

Answer:

FALSE

explanation:

If you understated ending inventory, your cost of goods sold will be overstated by the error amount, and net income and gross profit are understated

VMariaS [17]3 years ago
6 0

Answer:

FALSE

Step-by-step explanation:

The understated ending inventory results in an understatement of cost of goods sold and an understatement of gross margin and net income is False.

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