I believe that it is b the cartel
Answer:
understated assets, retained earnings, and net income
Explanation:
As in the given case, the inventory balance at the end of the year does include the $10,000 of inventory plus it also excluded from the physical count
So, if the error is not found, the effect of this error is assets are understated instead of overstated which results the retained earnings and the net income understated
Answer:
more
less
Explanation:
Inferior goods are goods whose demand falls when income rises and increases when income falls.
When the price of beer changes, there are two effects that determine the quantity demanded. They are :
1. the substitution effect
2. the income effect
The substitution effect looks at the change in price of a good relative to other goods. When the price of beer decreases, it becomes cheaper relative to other goods. Thus, the demand for it increases.
The income effect looks at how a change in price affects real disposable income. When price of beer reduces, disposable income increases. Because beer is an inferior good, it would lead to a decrease in the demand for beer
Answer:
<u>A) REITs (Real Estate Investment Trust).</u>
Explanation:
Note that a Real Estate Investment Trust (REIT) is a company that gathers the capital of several investors to secure a real estate property, thus, they allow each individual investors to earn dividends from thier real estate investments.
The Real estate investment trust program often allows the passing through of income but <u>not for losses</u>, in a sense the real estate investors bear any losses that maay arise.