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    Harvard university
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Category > Accounting Posted 20 Jun 2017 My Price 4.00

FMA Company

FMA Company reported the following income statement data: —m-
__E- —-m View PDF Inventory balances at 1 January 2016 and 31 December 2017 are correct. However, the ending inventory at 31
December 2016 is overstated by $5000. Required Prepare corrected data for 2016 and 2017, identify all accounts that were affected by the error and whether they
were overstated or understated, and calculate the cumulative two-year effect of the inventory error on gross profit.

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SuperTutor
(15)
Status NEW Posted 20 Jun 2017 12:06 AM My Price 4.00

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file 1497920571-Solutions file.docx preview (56 words )
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