If a period-end inventory amount is reported in error, it can cause a misstatement in all of the following except:
A. Current assets.
B. Net income.
C. Cost of goods sold.
D. Net sales.
E. Gross profit.
Answer: D
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The par value of common stock must always be equal to its market value on the date the stock is issued
a. True b. False Indicate whether the statement is true or false
Organizations under pressure to cut labor costs may respond by
A. requiring employees to bear less of the cost of benefits such as insurance premiums. B. retaining staff levels. C. avoiding automation of routine tasks. D. postponing hiring decisions. E. providing pay increases to prevent employee turnover.
Once the marketing strategy is implemented, controls must be in place to be certain that the firm has actually done what it has set out to do.
Answer the following statement true (T) or false (F)
A restaurant administered a survey to its customers asking them a single question: "How likely is it that you would recommend our restaurant to a friend or colleague?" It received the following scores: 8, 3, 6, 10, 8, 4, 9, 10, 7, 9, 5, 9. What is the net promoter score (NPS) for the restaurant?
A) 1 B) 2 C) 3 D) 5