Which of the Following Types of Errors Will Not Self-Correcting

question 37

Multiple Choice

Which of the following types of errors will not self-correcting the next year?

• A)Accrued revenues (but not collected)not recognized at year-end.
• B)Prepaid expenses not recognized at year-end.
• C)Depreciation expense overstated for the year.
• D)Prepaid revenues (collected in advance)not recognized at year-end.
• E)Accrued expenses not recognized at year-end.

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Definitions:

Trophic Level

The position that an organism occupies in a food chain, which is a measure of its feeding level.

Decomposers

Organisms, such as bacteria and fungi, that break down dead organisms and waste materials into simpler substances.

Ecological Efficiency

The efficiency with which energy is transferred from one trophic level to the next in an ecosystem, notably low due to the second law of thermodynamics.

Detritivore

Organisms that feed on dead organic matter, playing a crucial role in decomposing and recycling nutrients in ecosystems.