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Evgen [1.6K]
4 years ago
14

If a material error is discovered in an accounting period subsequent to the period in which the error is made:

Business
1 answer:
boyakko [2]4 years ago
5 0

Answer: Any previous years’ financial statements are retrospectively restated to reflect the correction.

Explanation:

If an accounting error that is material is discovered in a period after the period that the error was made, every financial statement that was affected will have to be restated so that the correction is reflected by them. This was the entries on the books will be more accurate.

For instance, if a material error that occurred in 2017 is discovered in 2020, then the '17, '18 and the '19 statements have to be corrected to reflect that there was an error that needed correcting.

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A collaborative selling environment makes the sales pitch more challenging for salespeople.
makvit [3.9K]

Answer:

O True

Explanation:

In the case when the selling environment is collaborative so it would make the sales pitch more challenging for the sales people

Here collaborative selling means the collaboration that does not between the sales team members but it would be done between the sales people and the customers

So the given statement is true

Hence, it is not false

8 0
3 years ago
The interest rate in the federal funds market:_________.
djyliett [7]

Answer:

Federal Funds Rate:

d. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves.

Explanation:

Federal funds rate is the target interest rate set by the FOMC (Federal Open Market Committee) at which commercial banks with deficit reserves borrow and banks with surplus reserves lend their excess reserves to each other overnight without collateral.  The rates are set eight times a year in line with prevailing economic situations. The rates are lowered to boost economic growth and reduce unemployment by increasing money supply.  They are increased to check inflation.

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3 years ago
Hi there !<br>What is a Stake in Business ?​<br>Nonsense = Reported <br>Thank you
zvonat [6]

Answer:

A stake in a business is partial ownership or a position in which you stand to gain when the company performs well.

5 0
2 years ago
Suppose every Buick owner's demand for gasoline is 20 - 5 p for p less than or equal to 4 and 0 for p &gt; 4. Every Dodge owner'
mario62 [17]
I think the answer is b
4 0
3 years ago
When two people witness something at the same time and in the same situation yet interpret it differently, factors that operate
SpyIntel [72]

Answer:

The correct answer is (A)

Explanation:

Every individual has a different sense of thinking and perceiving things and moments. Perceiving things is all about judging, observing and percipient. IN that regard, two people having the same experience can perceive things differently. People interpret things based on their perceptions. Perception can change through experience and knowledge. So, an important factor which shape perception depends on perceivers.

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