In Its Physical Inventory Count At Its February 28, 2017, Year End, The Orange Sprocket Corporation Included Inventory

In its natural catalogue enumerate at its February 28, 2017, year end, the Orange Sprocket Corporation middle catalogue that was being held for another society to vend on custody. As a end, the society’s catalogue enumerate showed the society having over catalogue than its accounting records implied it should enjoy. The society adjusted its catalogue and consume of consequence sold gratefully. The commodities was sold in the next year and catalogue was correctly formal at February 28, 2018.

Instructions

Ignoring pay tax, designate the property of this fault (overstated, understated, or no property) on each of the aftercited at year end:

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