The Occurrence That Most Likely Would Have No Effect on 2007

question 73

Multiple Choice

The occurrence that most likely would have no effect on 2007 net income is the

• A)sale in 2007 of an office building contributed by a stockholder in 1961.
• B)collection in 2007 of a dividend from an investment.
• C)correction of an error in the financial statements of a prior period discovered subsequent to their issuance.
• D)stock purchased in 1993 deemed worthless in 2007.

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Definitions:

Job History

A detailed list of previous employment positions, including roles, responsibilities, and durations, typically presented on a resume.

Functional Résumé

A type of résumé format that emphasizes an individual's skills and abilities rather than their chronological work history.

Job Search

The process of looking for employment, through various means including online job boards, networking, or direct applications.

Employers Suspicious

A situation where employers are wary or distrustful, possibly due to concerns about employee behavior or external threats.