A company made no adjusting entry for accrued and unpaid employee wages of $28,000 on December 31. This oversight would:
A. Have no effect on net income.
B. Understate assets by $28,000.
C. Overstate assets by $28,000.
D. Understate net income by $28,000.
E. Overstate net income by $28,000.
Answer: E
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Newman Manufacturing underapplied its manufacturing overhead during 2011. Which of the following statements is true regarding the adjustment to clear out the underapplied overhead?
A) Period costs will be increased B) Cost of goods sold will be increased C) Work-in-process will be decreased D) Finished goods will be decreased
What item below is not an example of extrinsic rewards?
a. Self-praise b. Salary c. Paid vacations d. Acknowledgement from boss
__________________is the degree to which employees are expected to follow the same rules and policies everywhere.
a. Integration b. Standardization c. Localization d. Responsiveness
The primary citation for a federal circuit court of appeals case would be
A. 3 F.3d 134. B. 40 AFTR 2d 78-1234. C. 44 F.Supp. 403. D. 79-2 USTC & 9693.