An Error in the Ending Inventory for the Year Ended

question 80

Multiple Choice

An error in the ending inventory for the year ended December 31, 2009:

• A)has no effect on the 2009 financial statements, but will create an error in the 2010 financial statements.
• B)automatically creates errors in cost of goods in the 2009 and 2010 financial statements.
• C)automatically creates errors in the ending inventory balance in the 2009 and 2010 financial statements.
• D)affects only the 2009 financial statements.

Compare and contrast conventional finance theory with behavioral finance assumptions about investor rationality.

Understand the concept of market efficiency and the conditions under which behavioral patterns in prices can persist.

Identify and explain various sentiment indicators and their significance in market analysis.

Differentiate between various types of analysts and their focus areas in financial markets.

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