The Accountant for the Bay Company Made an Error,which Understated

question 37

Essay

The accountant for the Bay Company made an error,which understated the ending inventory for 2015 by $7,000.Bay Company uses the periodic inventory system.Assuming that this error is not caught and corrected,indicate the effect of the error on each of the following items.Write U (understated),O (overstated)or N (not affected)next to each item.
a.2016 Beginning Inventory: _________
b.2016 Purchases: __________
c.2015 Goods Available for Sale: ________
d.2015 Net Income: ________
e.2015 Retained Earnings ending balance: __________
f.2015 Total Assets at end of year: ___________
g.2016 Net Income: _________
h.2016 Retained Earnings ending balance: _________
i.2015 Cost of Goods Sold: ___________
j.2015 Gross Margin: _________

Assess the role and impact of disturbances on ecosystem structure, function, and diversity.

Understand the impact of human activities on the Earth’s net primary productivity and ecosystems.

Recognize the ecological roles of predators and their influence on ecosystem dynamics.

Grasp the characteristics and impacts of invasive species on ecosystems.

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Definitions:

Signaling Molecule

Chemicals that transport information between cells in the body to coordinate responses.

Scaffold Proteins

Proteins that organize groups of intracellular signaling molecules into signaling complexes.

Integrins

Transmembrane receptors that facilitate cell-extracellular matrix adhesion.

Ras Proteins

A group of small G proteins, named by their discovery in rat sarcoma cancer cells; important in many signaling pathways.