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
storchak [24]
3 years ago
8

For accounting errors, which of the below sentences is true?

Business
1 answer:
Monica [59]3 years ago
7 0

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

You might be interested in
Tidewater Distributors is successfully using short-term financing to buy inventory for resale. As sales climb, the managers real
zysi [14]

Answer:

A) repay the short-term obligations out of the sales revenue.

Explanation:

Tidewater should use their profits to try to lower their total debts, specially short term obligations. The problem with short term obligations is that the company continuously needs an inflow of cash to repay them.

It is not something unusual for retailers to take 1-3 month credits to purchase and resell merchandise, but they always have the risk of not being able to sell enough merchandise one month to cover their costs and their debt payments.

Long term debt is always more manageable since you have more than a year to pay them back and the interest rates are usually lower.

8 0
3 years ago
Read 2 more answers
What are the three roles of the government within the economic flow.
Tom [10]
Three really important roles are allocation function, distribution function, stabilization function 

hope this helps:) have a good day and maybe think about brainliest
8 0
3 years ago
George murdock discovered that only a few jobs were consistently male-dominated in his study of 324 societies around the world.
Lana71 [14]
H<span>e considered all of the following as male-dominated jobs except for taking care of cattle.
This job is either balanced between men and women, or is female-dominated completely, according to George Murdock. Based on his study, he concluded that men usually dominate in jobs such as pursuing sea mammals, hunting, and making weapons, whereas that is not the case with taking care of cattle.
</span>
6 0
3 years ago
Which of the following is not an example of how media coverage of the Space Race affected the economy?
mrs_skeptik [129]

Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.

The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.


7 0
3 years ago
Read 2 more answers
Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
inna [77]

Answer:

$214,000

Explanation:

The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:

R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

7 0
3 years ago
Read 2 more answers
Other questions:
  • A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the followi
    12·1 answer
  • The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,205 and current liabilities of $9
    14·1 answer
  • Suppose a stock had an initial price of $70 per share, paid a dividend of $2.30 per share during the year, and had an ending sha
    11·1 answer
  • Violet negotiates with Urban Credit Corporation to obtain a loan for $85,000 to buy a home. During the negotiations, Urban Credi
    9·1 answer
  • If former President Barack Obama were to come on TV and say, Take cover for the next 4 months cause of the Virus. All jobs and o
    13·1 answer
  • Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Ma
    7·1 answer
  • Frederick is about to start a small manufacturing business soon. He has asked some of his friends, who are entrepreneurs, for ad
    13·2 answers
  • Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities for 2019: Net income, $6
    14·1 answer
  • If the absolute price of good X is $10 and the absolute price of good Y is $14, the relative price of good X in terms of good Y
    8·1 answer
  • Information ads help supply _?_that help you learn about and compare products and services.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!