題組內容

II. The followings are events which are mutually independent. Assuming the periodic inventory system is used.

5. The internal auditors discovered that the ending inventory in the previous period was understated $30,000 and that the ending inventory in the current period was overstated $40,000. INSTRUCTIONS: For each event, analyze the impact on the indicated items at the end of the current year by placing the appropriate code letter in the box below under each item. Code”O”= item is overstated； Code”U”= item is understated； Code”NA”= item is not affected. Please copy the he box below in your answer sheet and fill in it.