1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ArbitrLikvidat [17]
3 years ago
5

Watts Corporation made a very large arithmetical error in the preparation of its year-end financial statements by improper place

ment of a decimal point in the calculation of depreciation. The error caused the net income to be reported at almost double the proper amount. Correction of the error when discovered in the next year should be treated as ________.
Business
1 answer:
daser333 [38]3 years ago
5 0

Answer:

a prior period adjustment

Explanation:

A prior period adjustment -

It is the correction of the accounting error which took place in the past and was written in the prior year of financial statement , net of the income taxes , is known as a prior period adjustment .

It is the method to fix the previous problem of past during the reporting .

hence , the correct term fro the given statement is a prior period adjustment .

You might be interested in
Pick an ad that speaks out against drug abuse. Write about the possible primary and secondary effects of this ad on the youth in
weeeeeb [17]

Answer: The National Youth Anti-Drug Media Campaign launched the “Above the Influence” (ATI) ad campaign in 2005. The campaign aims to provide young people with a different perspective on life. The campaign’s primary initiative is to reduce drug abuse among teenagers, not just by telling them about the harmful effects of drugs, but by helping them to counter bad influences (such as peer pressure) and believe in themselves. This campaign used print media, the Internet, television, and radio to communicate its message to teenagers.

The primary effects of this ad campaign on the youth in my locality were in terms of the immediate awareness that the ad’s message created. The campaign focused on improving lifestyles rather than just highlighting the bad effects of drugs, so it was able to connect with its target audience. Another key reason for the campaign’s success was the use of multiple media formats to communicate with the target audience.

An important secondary effect of this ad campaign was that it succeeded in spreading awareness about how peer pressure leads people into drug abuse. The campaign’s partnership with schools and other community groups helped to increase its effect on students in their early teens. Another secondary effect of the campaign was a decrease in the long-term use of marijuana and other illicit drugs among teenagers. The campaign managed to foster a feeling of independence and self-assurance among teens over the years.

The message of this ad campaign is still fresh in my mind. I’m sure it had a lasting effect on many others who heard it because it succeeded in building public awareness about the problem of drug abuse and in promoting a positive lifestyle.

Explanation:I got it of edmentum

3 0
3 years ago
Chili's, the popular restaurant chain, supports St. Jude Children's Hospital annually by inviting its guests to color a pepper a
Verdich [7]

Options:

a. sustainability  

b. cause-related  

c. social  

d. green

Answer:

<u>cause-related</u>

<u>Explanation:</u>

We need to take note that Chili's support for St. Jude Children's Hospital isn't all about promoting their brand, but towards promoting a social cause, namely St. Jude's School Program which would ensure children receiving medical care in the hospital can stay up-to-date with their school assignments.

Their actions as a popular restaurant chain could go a long way by encouraging other companies to support social causes.

8 0
3 years ago
Mistakes made by staff are affecting overall efficiency, so you have contacted the local community college to inquire about cust
Tamiku [17]

Answer:

sign up for either program

Explanation:

By ensuring that the Staff participate in the training, it will enable the staff to minimize mistakes and improve overall efficiency. Efficiency is important to maintain operations.

5 0
3 years ago
The Treaty of Paris gave __________ to the United States.
faltersainse [42]
It is A. i think...........
8 0
4 years ago
Read 2 more answers
Definition of pre customer contact​
Alinara [238K]

Answer and Explanation:

As the name suggests the pre customer contact means contacting the customer before selling the product so that the firm could able to find out the requirement of the customer what he or she needs

The firm has the responsibility to provide the information about their products and services so that the customer could able to decide what he or she actually wants

After the selling the person could become the customer

8 0
3 years ago
Other questions:
  • Which of the following statements about federal student loans is true
    15·1 answer
  • When estimating the cost of equity by use of the bond-yield-plus-risk-premium method, we can generally get a good idea of the in
    10·1 answer
  • If a firm bakes cookies and sells them for $1,000 while spending $100 on sugar, $150 on chocolate, $50 on other supplies, $300 o
    12·1 answer
  • A company had the following assets and liabilities at the beginning and end of the current year:
    7·1 answer
  • At the Sol Wave House hotel, located on the beautiful island of Majorca, Spain, a Twitter concierge stays in constant contact wi
    13·1 answer
  • ______________ undergo extensive additional processing during their conversation into other products. The only initial processin
    15·2 answers
  • b. Suppose Tom has $5 to spend on Batman and Superman comic books (nothing else matters to Tom). If Tom wants to maximize his ut
    12·1 answer
  • Type the correct answer in the box. Spell all words correctly. Which term describes a list of all ledger accounts that businesse
    5·2 answers
  • Allo Foundation, a tax-exempt organization, invested $200,000 in cost-saving equipment. The equipment has a five-year useful lif
    10·1 answer
  • ..............................................................................
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!