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开心 发表于 2008-5-23 10:27

每日一练F3 答案回复可见

<p><br/>In preparing its financial statements for the current year, a company’s closing inventory was understated by<br/>$300,000.<br/><br/>What will be the effect of this error if it remains uncorrected?<br/><br/>A&nbsp; &nbsp;The current year’s profit will be overstated and next year’s profit will be understated<br/>B&nbsp;&nbsp; The current year’s profit will be understated but there will be no effect on next year’s profit<br/>C&nbsp;&nbsp;&nbsp;The current year’s profit will be understated and next year’s profit will be overstated<br/>D&nbsp;&nbsp; The current year’s profit will be overstated but there will be no effect on next year’s profit.</p><p>C</p>

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