An error in ending inventory causes an error in the next period's:
A. Accounts receivable.
B. Beginning inventory.
C. Accounts payable.
D. Sales.
E. Shipping costs.
Answer: B
You might also like to view...
According to Maslow's hierarchy of needs, a person is concerned with fulfilling basic physiological needs before he is concerned with fulfilling social or psychological needs
Indicate whether the statement is true or false
Purchased items that are consumed in-house would be classified as?
a. Raw materials b. MRO supplies c. Work-in-process d. Finished goods
Given the network shown in Figure 11-1, assume that the completion of activity C is delayed by four days. What changes will take place?
A) The critical path will change to: A-C-B-D-E-F-H. B) Activity F will be delayed by four days. C) Activity E will be delayed by four days. D) Activity G will be delayed by four days. E) None of the above
Level Fencing Company wants to present information in "disclosure documents" via the Internet to prospective franchisees. Among other legal requirements with which Level Fencing must comply, prospective franchisees must? A) agree to settle any lawsuits that may arise over the documents
B) be able to download or save all electronic documents. C) provide e-mail addresses for Level Fencing to verify users' authenticity. D) register with the Federal Trade Commission via Level Fencing's Web site.