Chapter 6
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Ending Inventory Overstated (Balance Sheet Effects)
Assets: Overstated Liabilities: No effect Stockholders' Equity: Overstated
Ending Inventory Understated (Balance Sheet Effects)
Assets: Understated Liabilties: No Effect Stockholders' Equity: Understated
Beginning Inventory Understated (Income Statement Effects)
CGS: Understated Net Income: Overstated
Beginning Inventory Overstated (Income Statement Effects)
CGS: over stated Net Income: understated
Ending Inventory Understated (Income Statement Effects)
CGS: over stated Net Income: understated
Ending Inventory Overstated (Income Statement Effects)
CGS: understated Net Income: overstated
