Several Errors Are Listed Below

question 40

Essay

Several errors are listed below.
Required:
Indicate the effect each error would have on 2010 net income by placing a plus sign (+), minus sign (-)or NI (no impact)in the space provided.Part (a)has been completed as an example.

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Definitions:

Risk Breakdown Structure

A hierarchical decomposition of risks associated with a project, categorized systematically for analysis and management.

Risk Evaluation

The process of identifying potential risks in a project and assessing the likelihood and potential impact of those risks.

Potential Risk

The possibility of an event occurring that could negatively affect the accomplishment of objectives.

Potential Impact

A possible effect or outcome that a specific action or event might have on something or someone.