Due to an Oversight, the Company Bookkeeper Made No Adjusting

question 15

Multiple Choice

Due to an oversight, the company bookkeeper made no adjusting entry for accrued and unpaid employee wages of $24,000 on December 31. This oversight would:

• A)Have no effect on profit
• B)Understate profit by $24,000.
• C)Have no effect on the balance sheet.
• D)Overstate profit by $24,000.
• E)Overstate liabilities.

---

Definitions:

Rubella

A contagious viral infection best known by its distinctive red rash, also called German measles, and potentially dangerous to pregnant women due to its teratogenic effects.

Herpes

A viral infection caused by herpes simplex virus types 1 (HSV-1) and 2 (HSV-2), which can cause oral and genital lesions.

Presbycusis

Age-related hearing loss, typically affecting the ability to hear higher frequencies.

Incus

One of the three small bones in the middle ear, known as an auditory ossicle, which helps to transmit sound vibrations to the inner ear.