Answer:
a. retained earnings was overstated and liabilities were understated.
Explanation:
Since in the cash dividend is declared also the same is not recorded by the company
So this error would impact the two account i.e. retained earnings and the liabilities
In this, the retained earning is overstated and the liabilities were understated
Therefore the correct option is a.
And, the rest of the options are wrong
Answer:
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically: ... Help management make financial decisions.
Based on the given statements above, the correct answer would be option D. The statements that apply to a bond which is selling at a premium would be statement I. The market value exceeds the par value; statement II: The selling rate is above 100; and statement III. <span>It is sold by corporations, not by the government. Hope this helps.</span>
The unit product cost is $50.
Variable costs per unit,
Manufacturing:
Direct materials $ 6
Direct labor $ 9
Variable manufacturing overhead $ 3
Variable selling and administrative $ 4
Fixed costs per year:
Fixed manufacturing overhead $ 300.000
Fixed selling and administrative $ 190.000.
During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.
Full Cost per unit: It is the sum of all the costs related to the production of a product. It comprises Variable Costs, Fixed Costs, Manufacturing costs Mixed Costs, etc. It is calculated by the sum of all the Costs related to the product by the number of units produced. Income statement: All companies in order to calculate net profit or net loss prepare an income statement. The income statement is one of the important financial statements.
Learn more about Income statements here:-brainly.com/question/24498019
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