If the amount assigned to ending inventory is incorrect,
a. The balance sheet is affected, but the income statement is not.
b. The income statement is affected, but the balance sheet is not.
c. The balance sheet is affected, but cost of goods sold is not.
d. Both the balance sheet and the income statement are affected.
d
You might also like to view...
The Internet is a critical component of integrated marketing communications
Indicate whether the statement is true or false
An industrial buying practice in which two organizations agree to purchase each other's products and services is referred to as ________.
A. a tying arrangement B. reciprocity C. exclusive dealing D. a supply partnership E. noncompetitive bidding
Supply chain software can be classified as either supply chain ________ systems or supply chain ________ systems
A) push; pull B) demand; continual C) upstream; downstream D) planning; execution E) external; internal
Cross-functional, integrated systems, such as Enterprise Resource Planning (ERP), add to the problems of data isolation
Indicate whether the statement is true or false