A company’s gross profit as a percentage of sales increased from 24% in the year ended 31 December 2001 to 27%
in the year ended 31 December 2002.
Which of the following events is most likely to have caused the increase?
A An increase in sales volume
B A purchase in December 2001 mistakenly being recorded as happening in January 2002
C Overstatement of the closing inventory at 31 December 2001
D Understatement of the closing inventory at 31 December 2001.
D | 
发表于 2008-5-22 10:57
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