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    treat211's Avatar
    treat211 Posts: 1, Reputation: 1
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    #1

    Jan 29, 2009, 08:51 PM
    What affect does underestimating ending inventory have on net income?
    Could someone help me please
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #2

    Jan 29, 2009, 10:26 PM

    Depends on "how" you understate it for example what was the other side of the entry?

    This looks and smells like homework and I am going to ask that this post be moved to that section. In the future please post these questions in the homework section.
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