Impact of a correct stock count

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asked Dec 18, 2022 59.3k views

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Zoras · Answer 1 · 2022-12-22T15:22:52+0000

Answer:

Effects on the Income Statement: The total Cost of Goods Sold, Gross Profit, and Net Income for the two periods will be accurate, but the allocation of these amounts between periods will be wrong.

Impact of a correct stock count

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