Prior period adjustments are reported in the:
A. Single-step income statement.
B. Statement of cash flows.
C. Balance sheet.
D. Statement of retained earnings.
E. Multiple-step income statement.
Answer: D
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a. 6 months b. 1 year c. 5 years d. 10 years
Which of the following is not a helpful tip for apologizing in a negative-news message?
A) Be sincere and explain what you will do to prevent recurrence. B) Accept responsibility. C) Focus on your regret. D) Use good judgment, and do not admit blame without consulting your supervisor.
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Who originally defined the term ‘competency’?
a. Guest (1990) b. Boyzatis (1982) c. Kandola (2000) d. Taylor (1995)