15 If an adjusting entry for depreciation is NOT made at the end of the accounting period, what is the effect on net income? Net income will be too high. Net income will be too low. There will be no effect on net income. Net income will not be affected in the current period, but will be overstated in the next period.

16 An investor can reduce the risk of investing in a particular company's stock by ________.

investing in the stock of other companies in other industries

buying the same company's bonds as well as its stock

buying additional shares of stock in the same company

investing in the stock of other companies in the same industry

17 Cash from operating activities includes cash ________.

		collected from customers
		paid for land
		received from loans
		paid for dividends