Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing function allow goods to be shipped that are not invoiced. The inadequate control activities could cause an

A. Understatement of revenues, receivables, and inventory.

B. Overstatement of revenues and receivables and an understatement of inventory.

C. Understatement of revenues and receivables and an overstatement of inventory.

D. Overstatement of revenues, receivables, and inventory.


C. Understatement of revenues and receivables and an overstatement of inventory.

Business

You might also like to view...

A company that sees only the similarities between the domestic and the world market is said to have a(n) ________ orientation

A) regiocentric B) ethnocentric C) concentric D) polycentric

Business

________ logistics is the process that starts with production and ends with the delivery of a final product.

A. Outbound B. Third-party C. Reverse D. Inbound E. Bulk

Business

The Japanese 1986 Equal Employment Opportunity Act revised in 2006 encouraged companies to:

a. Not ask for information about felony conviction in initial application b. Eliminate existing gender gaps and discrimination in their workforce c. Increase the pay gap between men and women d. Not review employee social media accounts as a basis for employment

Business

Answer the following statements true (T) or false (F)

1. Most certification elections have more than just one union on the ballot, so the choice is whether to unionize and, if so, which specific union will represent the bargaining unit. 2. To petition the NLRB for an election, a union must gather authorization cards from more than 50% of the employees. 3. When an employer decides to challenge a union that requests recognition, the outcome is usually settled through strikes. 4. Generaly the NLRB will not allow more than one certification election in a 12 month period. 5. A group of manufacturing employees unionized in January. By June, they were convinced that they had made a mistake and circulated a petition to decertify the election. Thirty-five percent of the employees signed the petition. It is likely that the NLRB will allow the employees to hold a decertification election before the end of the year.

Business