Will Company’s independent accountant discovered that the ending inventory for 20X2 had been overstated by the company by $2,000. Before the correction, what was the effect in the 20X2 statement
Will Company’s independent accountant discovered that the ending inventory for 20X2 had been overstated by the company by $2,000. Before the correction, what was the effect in the 20X2 statement of earnings because of the overstatement of the ending inventory?
A) Pretax proﬁt understated by $2,000.
B) Cost of goods sold was overstated by $2,000.
C) Pretax proﬁt was overstated and the cost of goods sold was understated by $2,000.
D) Pretax proﬁt was understated by $2,000.
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Conceptually, a drainage basin terminates at the _ that is a line of separation between runoff that descends in the direction of the drainage basin and runoff that goes toward
Which of the following is an example of project risk? A. The technology will not work as expected. B. The IT project is not aligned with the company’s strategy. C. The financial benefits
The concept of habitual truthfulness and honesty is called _____.