A potential lawsuit claim is disclosed in the notes when the claim cannot be reasonably estimated and it is reasonably possible.
Answer the following statement true (T) or false (F)
True
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An auditor is reviewing sales cutoff as of March 31, 2019. All sales are shipped FOB destination and the company records sales three days after shipment. The auditor notes the following transactions:DateShipped MonthRecorded Selling Price(000's) Cost(000's)March 28 March $192 $200 March 29 March 44 40 March 30 April 77 81 April 2 March 208 220 April 5 April 92 84 If the entity records the required adjustments, the net effect on income (in thousands of dollars) for the period ended March 31, 2019 is
A. a decrease of 12. B. a decrease of 8. C. an increase of 12. D. an increase of 8.
When the average-cost method is applied to a perpetual inventory system, the sale of goods will not change the unit cost of the goods that remain in inventory
Indicate whether the statement is true or false
Social data consists of information about an individual's relationship to other people, groups, events, things, and concepts.
Answer the following statement true (T) or false (F)
Which of the following is suggested as the best target for a customer satisfaction ratio?
A. 1.00 B. 1.05 C. 1.10 D. 1.20 E. 1.50