Business, 04.06.2021 19:10, airiyannag0113

Suppose that XYZ2 shop Company recorded as a purchase certain goods that it purchased account, with the term FOB shipping point and counted them in ending inventory before being received. The effect on the financial position is? UN: understated, NO: NO effect, and OV: overstated 1 Cost of goods sold 5. Retained earnings 2. Account payable 3. Purchases No ecsect 7. Working capital 4. Ending inventory 8. Current ratio 6. Net income

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Suppose that XYZ2 shop Company recorded as a purchase certain goods that it purchased account, with...