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Business, 08.04.2020 19:05 duncanje5783

Herb Company manufactured more product than it was able to sell during the current year. If the salaries of the sales staff of Herb Company are improperly recorded as a product cost, what will be the likely effect on net income of the period in which the error occurs? Select one: a. Net income will be understated only if inventory levels rise. b. Net income will be understated. c. Net income will be unaffected. d. Net income will be overstated.

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Herb Company manufactured more product than it was able to sell during the current year. If the sala...

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