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NEW QUESTION: 1
The correction of an error in the financial statements of a prior-period should be reported, net of applicable income taxes, in the current
A. income statement after income from continuing operations and before extraordinary items.
B. retained earnings statement as an adjustment of the opening balance.
C. none of these answers.
D. retained earnings statement after net income but before dividends.
E. income statement after income from continuing operations and after extraordinary items.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Accounting rules require that prior-period adjustments due to a correction of an error cannot be reported on the current year income statement because they do not affect this year's operations. They are shown as an adjustment to the opening balance of retained earnings.
NEW QUESTION: 2
What is required when creating an Ethernet Network in HPE OneView? (Select two)
A. Network Name
B. WWPN
C. association with subnet ID
D. VLAN Type
E. CHAP Password
Answer: D,E
NEW QUESTION: 3
The starting point for the corrective maintenance process usually is a ____________.
A. Activity
B. Order
C. Notification
D. Catalog
Answer: C
NEW QUESTION: 4
Which three statements are true about payroll deductions? (Choose three.)
A. The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.
B. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.
C. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
D. The deduction element's status processing rule drives the calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.
E. A personal deduction card contains person-specific information that is used to calculate the deduction amount.
Answer: B,C,D