Failure to Record the Supplies Used During the Year Would

question 140

Multiple Choice

Failure to record the supplies used during the year would result in which of the following?

• A)Net income being understated.
• B)An overstatement of liabilities.
• C)Assets and stockholders' equity being overstated.
• D)Total assets being understated.

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Definitions:

Ohm's Law

A fundamental principle of electrical engineering stating that the current through a conductor between two points is directly proportional to the voltage across the two points.

E = I x R

Ohm's law, stating that the electric current (I) through a conductor between two points is directly proportional to the potential difference (V) across the two points.

Series Circuit

An electrical circuit in which all of the parts of the circuit occur in a single path.

Current Flow

The flow of carriers like electrons that carry electric charge through a conductor or an electric circuit.