If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial statements prepared at that time would show:
A. Assets, net income, and equity understated.
B. Assets overstated, net income understated, and equity overstated.
C. Assets and equity both understated.
D. Assets, net income, and equity overstated.
E. Assets overstated and equity understated.
Answer: D
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Portfolio management frameworks (e.g., BCG matrix) share which of the following characteristics?
A. Position in the matrix suggests a need for, or ability to share, infrastructures or build on core competencies. B. Businesses are plotted on a 3-dimensional grid. C. They are most helpful in helping businesses develop types of competitive advantage. D. Grid dimensions are based on external environments and internal capabilities/market positions.
Discuss employers’ requirements concerning avoidance of religious discrimination in the workplace.
What will be an ideal response?
A life insurance contractual provision protects the beneficiary by not permitting the insurer to introduce outside information to deny payment of the claim
Such outside information might be notes that the agent took while the insured completed the application. This contractual provision is the A) entire contract clause. B) incontestable clause. C) reinstatement clause. D) change-of-plan provision.
What is the highest effective rate attainable with a 12 percent nominal rate?
A) 12.00% B) 12.55% C) 12.75% D) 12.95%