Which term below is an essential skill for employees in the workplace because it allows the receiver to hear and understand the message, and reassures the speaker that the message has been heard in the same terms in which it is delivered?
a. Paraphrasing
b. Active listening
c. Communication
d. Processing
b. Active listening
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Steven, Inc. uses the perpetual inventory system. The company's management, under pressure to report favorable results to shareholders, included $15,000 of inventory that had already been sold in its ending inventory. Indicate whether this misstatement would overstate (O), understate (U), or not affect (NA) each of the elements of the financial statements. You do not need to enter amounts. AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?
If a company uses the contra account, Accumulated Amortization, this account is typically shown on the balance sheet
Indicate whether the statement is true or false
For the most part, credit card companies can charge high fees, raise rates, and lower credit limits without violating the law
Indicate whether the statement is true or false
Equivalent units of production for a process costing system using the FIFO method are equal to:
A. Units completed during the period and transferred out. B. Units started and completed during the period + Equivalent units in the ending work in process inventory. C. Units completed during the period + Equivalent units in the ending work in process inventory. D. Units transferred out + Equivalent units in ending work in process inventory + Equivalent units in beginning work in process inventory.