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  • 22-04-2021
  • Business
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impact of a correct stock count

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ajaysolanki
ajaysolanki ajaysolanki
  • 22-04-2021

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.

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