Which of the Following Would Not Be an Acceptable Presentation

question 20

Multiple Choice

Which of the following would not be an acceptable presentation on a personal financial statement?

• A) Marketable securities are presented at estimated current values.
• B) The estimated current value of an investment in life insurance is the cash value of the policy less the amount of any loans against it.
• C) Investments in real estate should be presented at their estimated current values.
• D) Payables and other liabilities should be presented at the discounted amounts of cash to be paid.
• E) The liability for income taxes payable includes unpaid income taxes for completed tax years only.

---

Definitions:

Information Overload

A condition in which the volume of information available exceeds an individual's capacity to process it, leading to difficulty in decision making or stress.

Emotional Contagion

Emotional contagion is the process by which emotions are transferred from one person to another, often unconsciously, leading to shared emotional states within groups.

Mimicry

The phenomenon where an organism imitates certain features (like appearance or behavior) of another organism to gain some advantage, such as protection from predators.

Silence

The absence of vocal communication, which can be a strategic response, a form of non-verbal feedback, or a result of suppression.