5. Understating beginning inventory in 2022 will overstate net income for 2023. (1 Point) [...
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5. Understating beginning inventory in 2022 will overstate net income for 2023. (1 Point) [ True False 6. Given the following data, what is cost of goods sold? Sales revenue-$950,000 Beginning inventory-150,000 Ending inventory-230,000 Purchases-720,000 (1 Point) A) $870,000 B) $640,000 $570,000 OD) $510,000
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