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Dmitriy789 [7]
3 years ago
12

Cuthbert Industrials, Inc., prepares 3-year comparative financial statements. In Year 3, Cuthbert discovered an error in the pre

viously issued financial statements for Year 1. The error affects the financial statements that were issued in Years 1 and 2. How should the company report the error?
Computers and Technology
1 answer:
Lelechka [254]3 years ago
8 0

Answer:

Restate financial statement for the first and second year.

Prepare financial statement of year 3 reflecting the effects of error from year one and two

Explanation:

A revision of the the entire financial statement from year one will be helpfull, when this is re-stated for the first and second year. Then in stating the amount of assets and liabilities carried into year three, the cummulative effect of the error from the previous two years should be reflected.

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A system is being developed to help pet owners locate lost pets. Which of the following best describes a system that uses crowds
Slav-nsk [51]

Crowdsourcing  is used by mobile application that allows users to report the location of a pet that appears to be lost.

<h3>What is a mobile application?</h3>

A mobile application is known to be a kind of computer app or program that has been made to handle or run itself on a mobile device e.g. phone,  etc.

Conclusively, the option that best describes a system that uses crowdsourcing is the mobile application that allows users to report the location of a pet that appears to be lost and upload a photo that is made available to other users of the application and thus everyone can help to look for it.

Learn more about mobile application  from

brainly.com/question/9477543

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6 0
2 years ago
Edison wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vaca
Otrada [13]

Answer:

This question is imcomplete, here is the complete question

Edison wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Edison buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Edison can easily determine that the price of the computer is more than the price of the vacation. Edison has $1,537 in his checking account. Edison writes a check for $1,299.

Identify what role money plays in each of the following parts of the story.

Explanation:

Brian can effortlessly determine and conclude that the cost of the computer is more than that of the price of the vacation.= Unit of Account

Brian has a total amount of $1,537 in his checking account.= Store of value

Brian then writes a check for $1,299.= Medium of Exchange

5 0
3 years ago
They always water the garden in the morning. (Underline the verb in the sentence)​
valina [46]

Answer:

Water

Explanation:

A verb describes an action, an occurrence, or a state of being. Watering is an action.

8 0
3 years ago
Read 2 more answers
.What is Social Media"?
nadezda [96]

Answer:

Social media is an internet-based form of communication. It facilitates the users the sharing of ideas, thoughts and information, and create web content.

There are many forms of social media, like blogs, photo-sharing sites, virtual words, etc.

8 0
3 years ago
How does our behavior change when we know we're being watched?
Hoochie [10]

I can't even say this is an answer

If there isn't a specific answer for this, I think it depends on everyone. Maybe they'd behave better knowing that their actions are being monitored. Who in their right mind is going to act like a lunatic when they know people are watching.

I think it will most likely alter their attitude in a positive way but it will also most likely be fake actions put on show

5 0
2 years ago
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