subject
Business, 06.05.2020 23:14 nathanb29oue8gj

A company understated its ending inventory in Year 1 by $25,000 and also overstated its ending inventory in Year 2 by $30,000. Neither error was discovered until Year 3. As a result, of these two errors, retained earning for Year 2 was:

Multiple Choice

a. Overstated by $5,000.

b. Understated by $45,000.

c. Understated by $20,000.

d. Overstated by $25,000.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers: 3
question
Business, 22.06.2019 17:30
One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.
Answers: 2
question
Business, 22.06.2019 21:20
Afamily wishes to save for future college expenses. which financial tool should the family invest in?
Answers: 1
question
Business, 22.06.2019 23:00
Which of the following represents an unlimited queue? a. toll booth serving automobiles on the interstateb. drive through lane at a fast food restaurantc. faculty office with limited seating during office hoursd. restaurant with no outside seating and limited capacity due to fire departments restrictionse. small barbershop with only 5 chairs for waiting customers
Answers: 3
You know the right answer?
A company understated its ending inventory in Year 1 by $25,000 and also overstated its ending inven...
Questions
question
Mathematics, 17.06.2020 21:57
question
Mathematics, 17.06.2020 21:57
Questions on the website: 13722359