Determine the estimate of the variance of the population model error

Nobells Corp. has acquired land and paid $500 as brokerage to acquire the land. However, the company's accountant has recorded the $500 as a revenue expenditure. What is the effect of this error?

A) Net income is understated by $500. B) Liabilities are overstated by $500. C) Revenue is overstated by $500. D) Assets are overstated by $500.

According to the authors, A 15% increase in the monthly number of senior citizens using services of the senior citizen's center each month is

a. an objective b. a goal c. a strategy d. a tactic e. an activity