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Devry acc304 week 7 discussion

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Question;It is discovered in 2013 that ending inventory from 2011 is understated. What accounts will be affected by this understatement, and how will they be affected? This is a situation that really happens. Start with the 2011 inventory being understated, and track the changes through the inventory account to 2013.

 

Paper#40685 | Written in 18-Jul-2015

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