Business, 19.03.2020 02:24, hiihihihij
Because of its size, cost of goods sold normally has a significant impact on the amount of net income that is reported on the income statement. Since the reported balance in the inventory account has a direct effect on the amount of cost of goods sold, inventory manipulation is a target for unscrupulous managers seeking to control the amount of reported earnings. These statements are:.
a. true
b. false
Answers: 3
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Because of its size, cost of goods sold normally has a significant impact on the amount of net incom...
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