an error in the physical count of goods on hand at the end of a period results in a $10,000 overestimate of the ending inventory. the effect or the error in the current period is

Respuesta :

Cost of goods would be underestimated if closing inventory was overstated by $10,000.

Why do individuals tend to exaggerate?

A Universidad of Alberta study suggests that exaggerating the skills of others is the cause of our lack of faith in our own talents. The research could help leaders understand how to combat self-doubt when faced with a challenging assignment.

What would it mean to undervalue your own abilities?

It's not always the case that underestimating oneself translates into subpar performance, and frequently, people can see whether your work is solid or has promise. However, you don't often go out for more possibilities on your own since you're always sure if you can accomplish more than what's currently on your plate.

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