In 2017, ending inventory is overstated. What is the effect of the error on net income in 2017 and 2018?
A) Net income is overstated in 2017 and understated in 2018.
B) Net income is understated in 2017 and overstated in 2018.
C) Net income is understated in 2017 and 2018.
D) Net income is overstated in 2017 and 2018.
A
Business
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If a firm is trying to grow more rapidly, which of the following identifies a non-financially-related course of action?
A) increase the retention ratio B) reduce dividends C) increase asset turnover D) increase the debt to equity ratio
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Update is not required when the certificate lifetime expires or as a result of certificate revocation
Indicate whether the statement is true or false.
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