Determine the effect on the cost of goods sold, total assets, and gross margin for...
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Accounting
Determine the effect on the cost of goods sold, total assets, and gross margin for 2015 and 2016 if the following inventory errors are not corrected. Indicate your answer with (+) for overstated, (-) for understated, and (0) for no effect. The beginning inventory for 2015 is understated. Ending inventory for 2015 is understated.
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