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Accounting Assignment | Custom Assignment Help

Author:
September 16th, 2019
  1. What is your opinion of Jason’s reasoning? Why?
  2. If Jason underestimates the dollar amount of ending inventory, what effect will it have on net income for the current accounting period?
  3. Since the perpetual inventory system maintains an up-to-date balance in the general ledger account for Merchandise Inventory, is a physical inventory count still necessary? Why?

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