The most important benefit of a project charter is that it authorizes a project and ensures that necessary resources and management commitments are provided to achieve success

What are three main instruments of trade policy?

What will be an ideal response?

Feine Co. accepted delivery of merchandise which it purchased on account. As of December 31, Feine had recorded the transaction, but did not include the merchandise in its inventory. The effect of this on its financial statements for December 31 would be

a. net income, current assets, and retained earnings were understated. b. net income was correct and current assets were understated. c. net income was understated and current liabilities were overstated. d. net income was overstated and current assets were understated.