Assume That a $400 Purchase Invoice Received Close to Year-End

question 33

Multiple Choice

Assume that a $400 purchase invoice received close to year-end is not recorded in fiscal 2016,but the inventory is appropriately included in the ending inventory count.What impact will this have on fiscal 2017 financial reporting?

• A)Cost of sales is overstated by $400.
• B)Gross margin is overstated.
• C)Cost of goods available for sale is understated.
• D)There is no effect on fiscal 2017.

Articulate the impact of social and cognitive factors on personality.

Examine the role of unconscious processes in personality development and defense mechanisms.

Analyze the influence of self-esteem and self-concepts on personality and adjustment.

Detail the significance of goal setting and self-efficacy in behavior.

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