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GalinKa [24]
3 years ago
8

An overstatement of inventory account on the financial statements means that the __________ account on the financial statements

is understated. g
Business
1 answer:
Makovka662 [10]3 years ago
7 0

Answer: Cost of Gods Sold

Explanation:

The Cost of Goods sold in the income statement is calculated thus;

= Opening inventory + Purchases - Closing stock

Looking at the formula above, one can see that closing stock reduces the Cost of Goods sold. If inventory is therefore overstated, it would reduce Cost of Goods sold more than it should which would result in the Cost of Goods sold being understated.

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Sometimes speakers eliminate details from their speeches in an attempt to influence audience opinion. This concern relates to wh
nikitadnepr [17]

Answer:

The correct answer is letter "A": Avoid purposeful ambiguity.

Explanation:

Ambiguity represents an obstacle while giving a speech. Speakers must review their speech to find out if there are segments that might not be clear for the audience, to <em>clarify </em>them or simply <em>avoiding </em>without changing the overall meaning of the message that is intended to be provided.

8 0
3 years ago
A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 * age +1300
Ann [662]
We are given with the equation
<span>balance = -17,732 + 367 * age +1300 *years education + 0.116 * household wealth

</span>-17,732 is a constant amount credited from the savings acount
367 is the amount saved per year of age
1300 is the amount saved per year of education
0.116 is the amount save per household wealth
6 0
3 years ago
Bekah is an adviser for the company Vicoltech, which deals heavily in investments. Bekah also advises several other clients in h
photoshop1234 [79]

Answer: d. Bekah was still exempt from the SEC’s reporting requirements.

Explanation:

Here are the options:

a. Indeterminable with current information

b. Bekah was required to register with the SEC, but not required to report information to

c. Bekah was required to begin reporting information to the SEC.

d. Bekah was still exempt from the SEC’s reporting requirements.

The Dodd-Frank Act is a comprehensive bill which places very strict regulations on the banks and lenders in order to help protect the consumers and also help in the prevention of economic recession

Based on the scenario in the question, Bekah will still be exempt from the SEC’s reporting requirements because in the Dood-Frank Act, it was stated that advisers that are only working in the same state with their clients are exempted from reporting requirements with the Security Exchange Commission.

3 0
3 years ago
BeFriends Corporation uses the trademark of Community Life Inc., a social media site, as a meta tag without Community Life’s per
timama [110]

BeFriends Corporation uses the trademark of Community Life Inc.  a social media site, as a meta tag without Community Life’s permission. This may be permissible​ (a) if the appropriating site has nothing to do with the meta tag.

<u>Explanation:</u>

The using of the Meta Tag is Permissible because the trade mark name is being used for a different product or service and it does not involve any kind of  trade mark infringement.

4 0
4 years ago
Read 2 more answers
In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between t
horsena [70]

Answer:

Answer A

Explanation:

There are several rules of dividends deductions from income making taxable income significantly smaller. Deductions are generally 70% of the dividends received. Second if the company owns a stake in other company larger than 20%, but smaller than 80% dividend deduction from income is 80% of the dividend received and if the other entity is fully owned deductions from the dividend received are 100%

7 0
3 years ago
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