Walter Co made the following errors in 2016: · Ending inventory was overstated by $2,000. · Beginning inventory was understated by $6,000. · Purchases were overstated by $3,000. ? ?Reported net income was $20,000. What is the correct amount of 2016 net income?
A) $19,000
B) $21,000
C) $15,000
D) $4,000
C
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____ is the beginning stage of group development where individuals are brought together for a specific purpose.
a. Forming b. Storming c. Norming d. Performing
Which of the following statements is FALSE? Standard form contracts
A) are necessary for the business world to function B) are usually only used if the contract is between two companies C) often include a disclaimer clause D) are usually written to favour the party that wrote the contract E) often result in one party signing it without reading all the terms
State securities laws apply mainly to intrastate transactions
a. True b. False Indicate whether the statement is true or false
"Forward-looking" financial forecasts that turn out to be wrong are not protected against liability for securities fraud
Indicate whether the statement is true or false