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NEW QUESTION: 1
이 오류로 인해 Deg-ember 31. 4 학년 말에보고 된 이익은 다음과 같습니다.
A. 미화 28,000 달러.
B. 미화 65,000 달러로 과대 평가되었습니다.
C. 미화 72,000 달러로 과장되어 있다.
D. 미화 $ 45,000.
Answer: B
Explanation:
The effect of the understatement of the Year 3 year-end inventory beginning inventory for Year 4) was to overstate Year 4 profit by US $40,000. The reason is that beginning inventory is a component of cost of sales. The overstatement of the December 3 1, Year
4. Inventory overstated Year 4 net income by US $15,000 because the amounts in ending inventory are excluded from cost of sales. The understatement of Year 3 depreciation expense a nominal account) has no effect on Year 4 net income. Finally, the failure to accrue US $10,000 of expenses for Year 4 overstated Year 4 net income. The net effect of these Err-ors was a US $65,000$40,000 + $15,000 + $0 + $10,000) overstatement.
An audit of an entity has revealed the following four errors that have occurred but have not been corrected:
1.Inventory at December 31, Year 3: US $40,000, understated
2.Inventory at December 31. Year 4: US $15,000. overstated
3.Depreciation Ur Year 3: US $7,000. understated
4.Accrued expenses at December 31, Year 4: US $10,000, understated

NEW QUESTION: 2
Which statement is true about Java byte code?
A. It can run on any platform that has a Java compiler.
B. It can run on any platform only if it was compiled for that platform.
C. It can run on any platform only if that platform has both the Java Runtime Environment and a Java compiler.
D. It can run on any platform that has the Java Runtime Environment.
E. It can run on any platform.
Answer: A

NEW QUESTION: 3
Hotspot Question
You need to insert code at line CP15 to retrieve the account balance for a user.
How should you complete the relevant code? To answer, select the appropriate code segment from each list in the answer area.

Answer:
Explanation: