Income statement errors in the current year that do not affect the balance sheet may ________
A) require adjustment to retained earnings
B) affect future years retained earnings
C) be self-correcting
D) change earnings per share
Answer: C
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Given this set of constraints, for what objective function is the point x=5, y=3 in the feasible region?
s.t 3x + 6y ? 30 10x + 10y ? 60 10x + 15y ? 90
A consulting firm has received 2 Super Bowl playoff tickets from one of its clients. To be fair, the firm is randomly selecting two different employee names to "win" the tickets. There are 6 secretaries, 5 consultants and 4 partners in the firm
Which of the following statements is not true? A) The probability of a secretary winning a ticket on the first draw is 6/15. B) The probability of a secretary winning a ticket on the second draw given that a consultant won a ticket on the first draw is 6/15. C) The probability of a consultant winning a ticket on the first draw is 1/3. D) The probability of two secretaries winning both tickets is 1/7. E) The probability of a partner winning a ticket on the second draw given that a secretary won a ticket on the first draw is 4/14.