The effect of a misstatement of the year-end inventory is limited to the net income for that year
a. True
b. False
Indicate whether the statement is true or false
False
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Consider a bank that has $10 million as reserves, $5million as securities, and $100 million as transaction accounts. If a customer, who is a government securities dealer, sells $2 million in securities to the Fed ?
A. the bank's transaction accounts reduce to $98 million. B. the bank's securities reduce by $4 million. C. the bank's reserves increase to $12 million. D. the bank's loans reduce by $2 million.?
Cyrus accepts a position as a part-time clerk at a small hardware store. His manager, Max, wants to confirm Cyrus's hours for the next 10 days. This is a fairly routine and predictable situation, so Max
A. videoconferences with Cyrus. B. asks his lawyer to contact Cyrus. C. e-mails a follow-up to Cyrus. D. mails a handwritten note to Cyrus. E. schedules a meeting with Cyrus.
A(n) ________ is oral testimony given by a party or witness prior to trial.
A. consolidation B. interlocutory C. interrogatory D. deposition
________ can compare two or more data sets to identify patterns and trends.
A. Competitive analysis B. Data-driven decision management C. Comparative analysis D. Competitive monitoring