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A company uses the periodic inventory method and the beginning inventory is overstated by $9,000 because the ending inventory in the previous period was overstated by $9,000. The amounts reflected in the current end of the period balance sheet are

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Answer:

"Correct Correct" is the right answer.

Explanation:

  • Overall inventory will be calculated by means including its physical computing mechanism at either the conclusion of each accountability conscious cognitive mostly on periodical inventory or purchasing department.
  • Excessive conclusion or termination creates excessive starting inventory thresholds or their levels.

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