A bored carpenter counts the actual number of nails in 10 boxes of nails and records his findings as: 230, 235, 302, 287, 312, 323, 265, 319, 342, and 298. What can we say about the shape of the distribution of the number of nails?

The accountant of Delta, Inc. failed to make an adjusting entry to record $6,000 of unearned service revenue that has now been earned. Assume the deferred revenue was initially recorded as a liability. Which of the following statements is true?

A) The total revenue will be overstated. B) The total revenue will be understated. C) The total expenses will be overstated. D) The total expenses will be understated.

The financial statements include a separate statement of changes in equity. This statement should

a. Not be identified in the introductory paragraph but should be reported on separately in the opinion paragraph b. Be excluded from both the introductory and opinion paragraphs c. Be identified in the introductory paragraph of the report but need not be reported on separately in the opinion paragraph d. Be identified in the introductory paragraph of the report and must be reported on separately in the opinion paragraph