One of the most popular methods of overstating inventory is through:

A. Understating cost of goods sold
B. "Phantom" inventory
C. Overstating sales revenue
D. Overstating inventory obsolescence


B. "Phantom" inventory

Business

You might also like to view...

Through ________, an organization in the foreign market buys the right to use a company's manufacturing process, trademark, patent, trade secret, or other item of value

A) indirect exporting B) licensing C) contract manufacturing D) management contracting E) joint ownership

Business

Self-leadership can be interacting with which of the following individual differences?

a. Gender and age b. Cultural or educational background c. Personality traits d. Gender, age, personality traits, and cultural background

Business

An organization's strategy is the guiding force for its mission

Indicate whether the statement is true or false

Business

Gray Financial Services, Inc invested $33,000 to acquire 6,250 shares of Mitt Investments, Inc on March 15, 2013

This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Gray Financial Services, Inc sells 2,500 shares for $19,250. When the journal entry to record the sale is made, ________. A) Gain on Disposal will be credited B) Long-term Investments-Available-for-Sale will be debited C) Cash will be credited D) Long-term Investments-Held-to-Maturity will be debited

Business