If a company such as Leslie Fay, overstates closing inventory on its books, it will...
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If a company such as Leslie Fay, overstates closing inventory on its books, it will result in higher reported earnings. result in lower reported earnings. have no impact on the company's earnings. result in an increase in its cash flow. 
If a company such as Leslie Fay, overstates closing inventory on its books, it will
result in higher reported earnings.
result in lower reported earnings.
have no impact on the company's earnings.
result in an increase in its cash flow.
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