Use the Following Information for Questions Through

question 435

Multiple Choice

Use the following information for questions through. Giselle Ltd.is a calendar-year corporation.Its financial statements for the years 2015 and 2014 contained errors as follows:
-Assume that the proper correcting entries were made at December 31, 2014.By how much will 2015 pre-tax income be overstated or understated?

• A)$2,000 understated
• B)$2,000 overstated
• C)$6,000 overstated
• D)$8,000 overstated

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Definitions:

Evolutionary Psychologists

Scientists who study the psychological adaptations of humans to the changing physical and social environment, particularly from an evolutionary perspective.

Mutations

Changes in the DNA sequence of an organism's genes, which can lead to variations in physical traits or biological functions.

Social Isolation

A state where an individual lacks a sense of social belonging, social engagement, and fulfilling relationships.

Dizygotic Development

The biological process resulting in the birth of two or more offspring from the same pregnancy with each developing from a separate egg fertilized by its own sperm, also known as fraternal twinning.