Archeologists at Shiloh, Tennessee, Are Exploring a Mound Built Over

question 40

Essay

Archeologists at Shiloh, Tennessee, are exploring a mound built over 1,000 years ago.They have catalogues thousands of fragments of wood, pottery, and bone, which they want to analyze and compare to locate patterns of use.Since they cannot afford to purchase computers capable of making such sophisticated comparisons, what would you recommend they use?

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Definitions:

Pretax Income

The income of a business before income taxes are deducted.

Understated

Describes a financial statement element that is reported at a figure less than its actual value, potentially misleading users of the statements.

Ending Inventory

Ending inventory is the total value of goods remaining in stock at the end of an accounting period, used to calculate cost of goods sold and gross profit.

Ending Inventory

The ultimate worth of merchandise up for sale at the termination of a fiscal period.