Goods in transit at year-end purchased FOB shipping point were appropriately recorded in the purchases account but were incorrectly excluded from the ending inventory. What effect will this omission have on the company's assets, liabilities, and retained earnings at year-end?
a. No effect, no effect, overstated
b. No effect, no effect, understated
c. Understated, no effect, overstated
d. Understated, no effect, understated
D
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The probability of an event is the _____ of the probabilities of the sample points in the event.
A. sum B. product C. minimum D. maximum
When companies operate with leaner staffs, they tend to give many young technical and professional employees new responsibilities typically reserved for workers with more seniority
Indicate whether the statement is true or false.
Failure by the trial judge to admit or exclude certain evidence, improper instructions being given to the jury, and the granting or denying of motions to dismiss the case are all:
a. bases for appeal b. bases for summary judgment c. bases for responsive judgment d. bases for voir dire judgment e. bases for ultimate judgment
Your decision on what type of annuity to purchase will have a dramatic impact on the monthly payments you will receive upon retirement
Indicate whether this statement is true or false.