Use the Following Information for Questions

question 52

Multiple Choice

Use the following information for questions.
Giselle Ltd.is a calendar-year corporation.Its financial statements for the years 2018 and 2017 contained errors as follows:
-Assume that no correcting entries were made at December 31, 2017.Ignoring income taxes, by how much will retained earnings at December 31, 2018 be overstated or understated?

• A)$4,000 understated
• B)$6,000 overstated
• C)$6,000 understated
• D)$15,000 understated

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Definitions:

Behavioral Leadership Theories

Theories that focus on analyzing and understanding leadership based on the behaviors and actions of leaders rather than on their traits or characteristics.

Situational Factors

External influences that affect an individual's behavior or decisions in any given scenario, independent of their personal characteristics.

Directive Leadership

Spells out the what and how of subordinates’ tasks.

Task-oriented

Focused primarily on completing tasks and achieving objectives efficiently, often with emphasis on proper procedures and outcomes.