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question 46

Multiple Choice

Use the information below to answer the following questions:
Leslie Ltd has found an error in its revenue account: an invoice for $3000 was recorded as revenue in 2011 when it should have been recorded in 2012. The company’s income tax rate is 40% and there was no corresponding error in cost of goods sold.
-What is the effect of the error on 2012 cash from operations?


Definitions:

Social Identity

A person's sense of who they are based on their group membership(s), including nationality, ethnicity, religious affiliation, and social class.

Sense of Stability

The feeling of consistency, security, and confidence in one's life or environment.

Daily Rhythm

The natural cycle of physical, mental, and behavioral changes that the body goes through in a 24-hour period, influenced by light and darkness in an organism's environment.

Accomplishment

A successful achievement or completion of a task.

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