Which of the following transactions would be least likely to have an effect on the net income for 2020? A : Stock purchased in 2003 and deemed worthless in 2020. B : Correction of an error in the financial statements of a prior period discovered subsequent to their issuance. C : Collection in 2020 of a dividend from an investment. D : Sale in 2020 of an office building contributed by a stockholder in 1971.

B : Correction of an error in the financial statements of a prior period discovered subsequent to their issuance

Explanation:

As the accounting uses the matching principles to assing revenues and expenses a prior perior expense will not affect the current period of 2020.

The accountning should represent the reality and the event that generate the income/expense was before 2020 Thus, it should not affect 2020

Else,  the information will be tained as 2020 period is taking expenes fro mother period making the current income understated.

enlightenment impacted society by introducing the idea that mankind could use reason to discover the laws of the world and the rights of mankind. these ideals affected all factions of society, from politics to religion.

answer; i believe the correct answer is (4.0);