How does an error that results in an overstatement of ending inventory affect the elements of the company's financial statements in the current year? Assets=Liab.+EquityRev.-Exp.=Net Inc.Cash FlowA.+ NA +NA - +NAB.- NA -NA + -NAC.+ NA +NA NA NA+OAD.+ + NANA + -+OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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Discounting is the conversion of future cash flow amounts to their present value
Indicate whether the statement is true or false
With regard to the time value of money,
a. amounts are adjusted for inflation over the period of the investment. b. the amount of the present value is always higher than the future value. c. the future value amount is always higher than the present value amount. d. the present value and the future value have to be equal.
Which of the following questions would a firm ask if it were using the ethical decision-making framework regarding its product?
A. Are the relationships between wholesalers and retailers inappropriate? B. Does the advertising message attack competing products rather than highlight the benefits of the firm's product? C. Should the firm increase prices due to a lack of local competition? D. What default privacy settings should be built into a website? E. Does the advertising message represent the product's benefits honestly?
______ is an effort by the organization to appease dissatisfied customers by offering credits, discounts, apologies, or free items/services.
a. Service recovery b. Customer satisfaction c. Order delivery d. Customer service