2011 Business 4 Update - Becker CPA Review 2011 Business 4...

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Becker CPA Review – 2011 Business 4 Update Business 4 Online Update for the 2011 Edition Last Updated December 22, 2010 SECTION A: TEXT ERRATA None SECTION B: PASSMASTER/SIMULATIONS/QUIZZES ERRATA Item B.1 Online Quiz Question #8 (CPA-05050) The text of this question inadvertently confuses the relationship between the buyer and the seller. The question has been revised to change the names of the companies and more clearly distinguish between Bellwood (the buyer) and Blue Diamond, changed to Silver Diamond (the seller/supplier) as follows (changes highlighted): Question Bellwood International in the US has just purchased goods over the Internet from a supplier, Blue Silver Diamond, in Europe. The order was placed over a VAN. Bellwood and Blue Silver Diamond do business on a regular basis and Blue Diamond Bellwood is able to access Bellwood's Silver Diamond's database to check on stock availability and then place orders on-line. Blue Diamond Bellwood then pays for the purchases through an arrangement between Blue
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2011 Business 4 Update - Becker CPA Review 2011 Business 4...

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