At the End of the Fiscal Year, the Usual Adjusting

question 165

Multiple Choice

At the end of the fiscal year, the usual adjusting entry to recognize accrued revenues was omitted. Which of the following is true?

• A) total assets will be understated at the end of the current year
• B) the balance sheet and income statement will be misstated but the statement of stockholders' equity will be correct for the current year
• C) net income will be overstated for the current year
• D) total liabilities will be understated

Recognize different forms of workplace harassment, including quid pro quo and hostile working environment, and understand their legal implications.

Understand the roles of various governmental departments and agencies in enforcing labor laws and standards.

Understand the strategies and policies companies can implement to prevent and respond to sexual harassment.

Know the requirements for equal employment opportunity and the concept of reasonable accommodation.