The Ending Inventory for This Year Is Understated

question 50

Multiple Choice

The ending inventory for this year is understated.This error would cause:

• A)the period's net income to be overstated.
• B)the period's net income to be understated.
• C)the period end assets to be overstated.
• D)None of these are correct.

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Definitions:

Localization

The process of adapting a product, application, or content to meet the language, cultural and other requirements of a specific target market or locale.

Feature Of Mobility

Relates to the characteristics and capabilities of mobile devices or services that allow for movement and access to data or communication without physical constraints.

Connectivity

The capability of computers, devices, and systems to connect and communicate with each other over a network, particularly the internet.

Ubiquity

The state of being present, appearing, or found everywhere, especially simultaneously.