Risers Inc

question 129

Multiple Choice

Risers Inc. reported total assets of $1,800,000 and net income of $240,000 for the current year. Risers determined that inventory was overstated by $18,000 at the beginning of the year (this was not corrected) . What is the corrected amount for total assets and net income for the year?

• A) $1,800,000 and $240,000.
• B) $1,800,000 and $258,000.
• C) $1,782,000 and $222,000.
• D) $1,818,000 and $258,000.

Distinguish between the realms of science and other forms of knowledge or belief systems.

Recognize the value and limitations of different research settings in scientific inquiry.

Understand the ethical considerations in experimental designs.

Recognize the continuous nature of data collection in scientific research.

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Definitions:

Less Tolerant

Pertains to having a lower threshold of acceptance or patience for differing beliefs, behaviors, or practices.

High Tech

Refers to industries or technologies that are at the forefront of technological advances and innovation.

Structure

The arrangement or organization of parts as related to the whole; can refer to systems, buildings, texts, or organizations.

Organizing Process

The methodical arrangement and coordination of tasks, resources, and personnel within an organization to achieve its goals and objectives efficiently.