Suppose Ajax Corporation overstates its ending inventory amount. What effect will this have on the...
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Accounting
Suppose Ajax Corporation overstates its ending inventory amount. What effect will this have on the reported amount of cost of goods sold in the year of the error? Multiple Choice Overstate cost of goods sold. Have no effect on cost of goods sold. Understate cost of goods sold. Not possible to determine with information given.
Suppose Ajax Corporation overstates its ending inventory amount. What effect will this have on the reported amount of cost of goods sold in the year of the error?
Multiple Choice
Overstate cost of goods sold.
Have no effect on cost of goods sold.
Understate cost of goods sold.
Not possible to determine with information given.
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You can see the logs in the Dashboard.