Howard lumber company mistakenly classified as an expense a product costs that totaled 20,000. the company produced 2,000 units of product and sold 1,000 of them during the year. management is paid a bonus equal to 2% of net income. in the year in which the mistake was made-product costs were overstated-management bonuses were overstated-the company's income statement portrayed a more favorable position than actually existed-the company's net income was understated

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)

Serious question, which is preferred in a business? pp or poopoo?