Two Separate Errors Affected Satellite City in 2018

question 125

Multiple Choice

Two separate errors affected Satellite City in 2018. The beginning inventory was understated by $28,000 and the ending inventory was understated by $43,000. Net income in 2019 will be:

• A)overstated by $15,000.
• B)overstated by $43,000.
• C)understated by $43,000.
• D)understated by $71,000.

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Definitions:

Choosing A Channel

The process of selecting the most effective means of conveying a message, whether it be verbal, non-verbal, digital, or print media.

Encoding

The process of organizing ideas into a series of symbols, such as words and gestures, designed to communicate with a receiver.

Marital Disputes

Conflicts or disagreements between married partners, which can range from everyday disagreements to serious arguments that might require mediation.

Communication Problems

Issues that occur during the exchange of information between parties, leading to misunderstandings, confusion, or conflict.