The most destructive termite in California is the:
a. Drywood termite.
b. Dampwood termite.
c. Conehead termite.
d. Subterranean termite.
Answer: d. Subterranean termite.
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If ending inventory is overstated, net income and assets will be:
Net Income...........Assets a. Understated......Understated b. Overstated.......Overstated c. Understated.....Overstated d. Overstated.........Understated
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The amortization of the cost of an intangible asset.
a. Operating b. Investing c. Financing d. Supplemental
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