An understatement of reported net income for the current year may result from
A) an understatement of beginning inventory in the previous period.
B) an overstatement of ending inventory in the current period.
C) failure to record accrued payroll liabilities.
D) failure to record accrued interest revenue.
D
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Direct and digital marketing involve targeting broad segments of customers
Indicate whether the statement is true or false
Russell and Joe make a contract for Russell to manufacture five leather chairs of a specified design. Prior to their manufacture, the factory is destroyed in an accidental fire that is no one's fault. If the chairs are available from other sources:
a. Russell must supply the chairs, even if he must buy them elsewhere. b. Russell's duty to deliver the chairs is discharged by the destruction of the factory. c. Russell has materially breached the contract if he fails to deliver the chairs. d. (a) and (c) are correct.
Spying on competitors to obtain trade secrets raises moral issues, but it is not illegal.
Answer the following statement true (T) or false (F)
The operations and supply chain functions develop detailed process maps of the operations and supply chain flows and test new processes in the:
A) concept development phase. B) planning phase. C) design and development phase. D) commercial preparation phase.