An Inventory Acquisition Is Received Late in the Afternoon of December

question 68

Multiple Choice

An inventory acquisition is received late in the afternoon of December 31 after the physical inventory is completed.If the acquisition is included in accounts payable and purchases,but excluded from inventory,the result

• A)is an understatement of net earnings.
• B)is an overstatement of net earnings.
• C)does not affect earnings.
• D)is indeterminable from the information given.

---

Definitions:

Insomnia Disorder

Insomnia Disorder is a clinical condition characterized by difficulty falling asleep, staying asleep, or obtaining restorative sleep, leading to significant distress or impairment.

Trouble Falling Asleep

Difficulties in initiating sleep, which can lead to reduced sleep quality and duration, affecting overall health.

Perform Well

To execute or accomplish a task or activity with a high degree of competence, effectiveness, or skill.

Prolonged Grief

A persistent and profound sense of loss and mourning that extends beyond the typical period of grieving.