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Business, 31.08.2021 01:20 arely30

Your client performed the physical count of inventory as of November 30, one month prior to year-end. Subsequently, your client closed the sales journal on 12/29/XX, two days before year-end, and reported those two days' credit sales in January of the next year. Assuming the client uses a perpetual inventory system, what is most likely to be overstated relating to the year XX financial statements?

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Your client performed the physical count of inventory as of November 30, one month prior to year-end...
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