Exhibit 22-4 Barbara Company's year-end December 31, 2016, financial statements contained the following errors: ? · Ending inventory on December 31, 2016, was overstated by $75,000. · Depreciation expense was understated by $7,000. · A two-year insurance policy for 2016 and 2017 in the amount of $14,000 was entirely expensed in 2016. · Investments in common stock of other companies were
sold in 2016 at a gain of $10,000, but the sale was not recorded until 2017. ? Refer to Exhibit 22-4. What is the effect of the above errors on 2016 net income?
A) Net income is understated by $65,000.
B) Net income is overstated by $92,000.
C) Net income is overstated by $58,000.
D) Net income is overstated by $65,000.
D
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An ad for Maybelline age-minimizing makeup in Ladies' Home Journal magazine featured actress Melina Kanakaredes and offered readers a $1-off coupon when they try the new makeup. In terms of the communication model, the source of this ad is ________
A) Melina Kanakaredes B) Ladies' Home Journal C) readers who redeem the $1-off coupon D) Maybelline E) the target market to whom Melina Kanakaredes appeals
The marginal tax rate is the proportion of tax paid on the first dollar of taxable income.
Answer the following statement true (T) or false (F)
A strategically relevant political factor in the macro-environment that will influence the performance of all firms across the board is most likely to be
A. bailouts and energy policies that are industry specific. B. tax policy, fiscal policy, and tariffs providing impetus for antitrust matters. C. the exogenous forces related to the general environmental demand. D. the strength of the federal banking system. E. social factors that could fuel a political agenda and create greater transparency.
The broad process of performance management requires that you do which things well:
A. encourage performance. B. define performance. C. facilitate performance. D. all of these.