Exhibit 23-5 Nan Company, Having a Fiscal Year Ending on December

question 69

Multiple Choice

Exhibit 23-5 Nan Company, having a fiscal year ending on December 31, discovered the following errors in 2010:
A collection of $\$ 12,000$ from a customer for rent related to January, 2011 , was recorded as revenue in 2010
Depreciation was under state d by $\$ 600$ in 2010.
The January 1, 2009, invento1y was overstated by $\$ 10,000$ .
The January 1,2010, inventory was understated by $\$ 6,000$
Insurance premiums of $\$ 2,000$ that relate to 2011 were expensed in 2010 when paid.
-Assume no other errors have occurred and ignore income taxes.
Refer to Exhibit 23-5.Net income for 2010 was

• A)overstated by $4, 600
• B)overstated by $16, 600
• C)understated by $5, 400
• D)understated by $5, 200

Recognize the significance of syntax and VBA conventions in writing efficient code.

Identify and utilize built-in Access functions and procedures.

Demonstrate the ability to manipulate and use form and control properties through VBA.

Explain how to embed and call functions across different objects within an Access database.

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Definitions:

Internal Supply

The resources, including workforce and materials, available within a company for production or service delivery.

Employee Retention

Strategies and practices aimed at keeping employees engaged and motivated to stay with an organization for a long period, reducing turnover rates.

Transitional Supply

The interim or temporary provision of resources or services to an organization during periods of change or development.

Skills Gap

A discrepancy between the skills that employers want or need and the skills that their workforce currently possesses.