(true) or (false)? understated ending inventory results in an understatement of cost of goods sold and an understatement of gross margin and net income.

FALSE

explanation:

If you understated ending inventory, your cost of goods sold will be overstated by the error amount, and net income and gross profit are understated

FALSE

Step-by-step explanation:

The understated ending inventory results in an understatement of cost of goods sold and an understatement of gross margin and net income is False.

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step-by-step explanation:

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