If the ending inventory is overstated by $10,000, indicate what, if anything, is incorrect about the following: Cost of goods sold ______________ Gross profit ______________ Net income ______________...

If the ending inventory is overstated by $10,000, indicate what, if anything, is incorrect about the following:

Cost of goods sold ______________


Gross profit ______________


Net income ______________


Ending owner’s capital ______________




May 26, 2022
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