Each of the Following Errors Will Overstate 2016 Net Income

question 50

Multiple Choice

Each of the following errors will overstate 2016 net income except

• A)Equipment purchased in 2015 was expensed.
• B)Wages payable were not recorded at 12/31/16.
• C)Equipment purchased in 2016 was expensed.
• D)2016 ending inventory was overstated

---

Definitions:

Formal Mentoring Program

A structured and official program that connects less experienced individuals with more experienced mentors for career development and guidance.

Protégé Participation

Involvement of a less experienced person in learning or development activities, guided by a more experienced mentor.

Employee Development

The ongoing effort by organizations to improve the knowledge, skills, and abilities of their employees to increase their performance and organizational contribution.

Feedback

Feedback is information provided about a person's performance or behavior intended to guide future improvements.