The business failed to close any of the revenue accounts. The result of this error is that:
A) revenues will be understated.
B) capital will be understated.
C) the assets will be overstated.
D) the liabilities will be overstated.
Answer: B
Business
You might also like to view...
When the sales price per unit decreases, the contribution margin per unit ________
A) increases proportionately B) increases C) remains the same D) decreases
Business
Depending upon the organization, product management may include brand managers, product category managers, and market managers
Indicate whether the statement is true or false
Business