If the amount assigned to ending inventory is incorrect, then:
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 income statement are affected.
D
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On January 1, Christopher's reported total stockholders' equity of $1,300. During the year, $50 of dividends were declared and paid, donated land with a donor book value of $14 and a current fair value of $38 was received, additional common stock was issued for $300, and treasury stock was acquired for $22. The reported total stockholders' equity at December 31 was $1,406. What was the reported
net income or loss for the year? A) $160 net income B) $136 net loss C) $160 net loss D) $260 net loss
Discuss and exemplify how you can outline your speech.
What will be an ideal response?
________, the doing component of attitudes, involves a consumer's intention to do something, such as the intention to purchase or use a certain product
A) Affect B) Cognition C) Behavior D) Motivation E) Personality
What type of ?gure is excellent for showing percentages?
A) Line charts. B) Line drawings. C) Bar charts. D) Pie charts.