At the End of 2016, a $5,000 Understatement Was Discovered

question 34

Multiple Choice

At the end of 2016, a $5,000 understatement was discovered in the amount of the 2016 ending inventory as reflected in the inventory records. What were the 2016 effects of the $5,000 inventory error (before correction) ?

• A)Assets were understated by $5,000 and pretax income was understated by $5,000.
• B)Assets were understated by $5,000 and pretax income was overstated by $5,000.
• C)Cost of goods sold was understated by $5,000 and pretax income was understated by $5,000.
• D)Cost of goods sold was overstated by $5,000 and pretax income was overstated by $5,000.

Understand the mechanisms of action of intrauterine devices (IUDs) and hormonal contraceptives.

Grasp the concept and practice of fertility awareness-based methods.

Identify the risks and warnings of using specific contraceptive devices.

Appreciate the significance of using contraceptives in preventing STIs and unplanned pregnancies.

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Definitions:

Declarative

Pertaining to memories that can be consciously recalled, such as facts and events.

Episodic

Pertaining to or consisting of episodes; often used to describe types of memory that involve recalling specific events from the past.

Recognition

The cognitive process of identifying and acknowledging the familiarity of stimuli, such as faces, objects, or symbols, previously encountered.

Cued Recall

A memory recall process where prompts are given to aid the retrieval of information.