Ending inventory is incorrectly calculated in the current year. It is accurately calculated at the end of the next year. The error in the ending inventory in the current year:
A. is a self-correcting error.
B. can be ignored since it will self-correct.
C. affects only balance sheet accounts.
D. affects only income statement accounts.
Answer: A
You might also like to view...
Code written in interpreted programming languages can run only on machines whose disks store a(n) _____.
Fill in the blank(s) with the appropriate word(s).
If you are not an authority in a particular subject, how can you add credibility to your message?
A) Use phrases such as "In my experience" or "I believe" B) Add numbers and statistics to the communication C) Discuss areas where you are an authority D) Cite authorities and experts E) Use industry jargon and slang to ensure the tone of the message is correct.
Philippe’s company got its start building simple logic control circuits for various household appliances. They’ve recently changed their focus to designing custom software to be used in Internet-enabled appliances. To date, they’ve designed software for refrigerators that keeps an inventory of certain products and reorders items before they run out. They’ve also designed software for ovens, clothes washers and dryers, and dishwashers. Currently, the board of directors is seeking a new CEO for the company to execute a growth strategy as they try to compete in an incredibly dynamic and evolving environment. Which type of leader is likely most appropriate for this company?
a. charismatic b. transformational c. transactional d. authentic
In 2017, approximately what percentage of privately owned businesses were women owned?
A. 75% B. 15% C. 30% D. 50%