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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. retained earnings statement after net income but before dividends.
B. income statement after income from continuing operations and after extraordinary items.
C. none of these answers.
D. retained earnings statement as an adjustment of the opening balance.
E. income statement after income from continuing operations and before extraordinary items.
Answer: D
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. VLAN Type
B. Network Name
C. WWPN
D. CHAP Password
E. association with subnet ID
Answer: A,D
NEW QUESTION: 3
The starting point for the corrective maintenance process usually is a ____________.
A. Order
B. Catalog
C. Activity
D. Notification
Answer: D
NEW QUESTION: 4
Which three statements are true about payroll deductions? (Choose three.)
A. A personal deduction card contains person-specific information that is used to calculate the deduction amount.
B. 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.
C. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.
D. 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.
E. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
Answer: B,C,E