Business, 02.04.2021 01:00 maxwellirowa10oy9yaf

An error in the physical count of goods on hand at the end of a period resulted in an $15,000 overstatement of the ending inventory. The effect of this error in the current period is: Costs of Goods Sold Net Income a. Understated Understated b. Overstated Overstated c. Understated Overstated d. Overstated Understated 9. An accounts payable clerk also has access to the approved supplier master file for purchases. The control principle of:

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An error in the physical count of goods on hand at the end of a period resulted in an $15,000 overst...