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A company uses the periodic inventory method and the beginning inventory is overstatedby $4,000 because the ending inventory in the previous period was overstated by $4,000.The amounts reflected in the current end of the period balance sheet are AssetsOwner’s Equity a.OverstatedOverstated b.CorrectCorrect c.UnderstatedUnderstated d.OverstatedCorrect

/in /by

A company uses the periodic inventory method and the beginning inventory is overstatedby $4,000 because the ending

inventory in the previous period was overstated by $4,000.The amounts reflected in the current end of the period balance sheet are

AssetsOwner’s Equity

a.OverstatedOverstated

b.CorrectCorrect

c.UnderstatedUnderstated

d.OverstatedCorrect

 
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