Who is the 2016-17 chair of the AICPA board, effective in October 2016?

The ending merchandise inventory for the current year is overstated by $28,000. What effect will this error have on the following year's net income?

A) The net income will be overstated by $56,000. B) The net income will be overstated by $28,000. C) The net income will be understated by $28,000. D) The net income will be understated by $56,000.

A company that controls finances in the home country and decentralizes production, sales, and marketing operations to other countries is using a ________ strategy

A) domestic exporter B) franchising C) transnational D) multinational E) conglomerate