A(n) ________ is a firm that has extensive involvement in international business, owning or controlling facilities in more than one country

__________________: Doubt shortly after the purchase about whether it was the right decision

Fill in the blank(s) with the appropriate word(s).

The ending Merchandise Inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of Goods Sold and Net Income for the current accounting period?

A) Cost of Goods Sold Net Income Understated Understated B) Cost of Goods Sold Net Income Overstated Overstated C) Cost of Goods Sold Net Income Understated Overstated D) Cost of Goods Sold Net Income Overstated Understated