A company made an error in recording the Year 1 purchase of computer equipment as an expense. This was discovered in Year 2. The item should be reported as a prior period adjustment on the Year 2 income statement.
Answer the following statement true (T) or false (F)
False
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A person's typical way of life as expressed by his or her activities, interests, and opinions is referred to as
A. values. B. personality. C. culture. D. lifestyle. E. motivation.
How will the declaration and distribution of a 10 percent stock dividend affect the issuing corporation's balance of retained earnings and total stockholders' equity, respectively?
a. Decrease and no effect b. No effect and no effect c. Decrease and decrease d. No effect and decrease
Communication is vital to any effective customer-service program
Indicate whether the statement is true or false
What type of evidence is testimony by an eyewitness?
a. Direct evidence b. Documentary evidence c. Demonstrative evidence d. Circumstantial evidence