Refer to the information in be6-21 what impact will this, Finance Basics

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Refer to the information in be6-21 what impact will this

Question: Refer to the information in BE6-21. What impact will this error have on ending inventory and retained earnings in 2012 and 2013? Ignore any tax effects.

BE6-21: Ebbers Corporation overstated its ending inventory balance by $10,000 in 2012. What impact will this error have on cost of goods sold and gross profit in 2012 and 2013?

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Finance Basics: Refer to the information in be6-21 what impact will this

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