The Occurrence That Most Likely Would Have No Effect on 2014

question 19

Multiple Choice

The occurrence that most likely would have no effect on 2014 net income is the

• A) sale in 2014 of an office building contributed by a stockholder in 1961.
• B) collection in 2014 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 1996 deemed worthless in 2014.

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Definitions:

Forecast Accuracy

The degree to which forecasted values correspond to the actual values observed, often used in planning and inventory management.

Lead Times

The periods required for the completion of processes or activities, especially from the point of order to the delivery of goods.

Supply Chain Managers

Professionals responsible for overseeing and managing the entire supply chain process to ensure efficiency, cost-effectiveness, and timely delivery of products.

Backup Sourcing

Is the strategy of establishing alternative suppliers to ensure the continuity of supply in case of primary supplier failures.