Which of the Following Errors Causes Net Income to Be

question 243

Multiple Choice

Which of the following errors causes net income to be understated?

• A)Employee wages that have not been paid are not recorded.
• B)Depreciation Expense is not recorded.
• C)Collection of an accounts receivable is not recorded.
• D)Revenue that has been earned but not yet collected has not been recorded.

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Definitions:

Inadequate Preparation

The lack of sufficient readiness or groundwork, often leading to difficulties in effectively handling tasks, responsibilities, or challenges.

Cognitive Restructuring

A therapeutic technique aimed at identifying and challenging negative or irrational thoughts and replacing them with more balanced and constructive ones.

Dysfunctional Self-Statements

The negative, often critical thoughts that individuals have about themselves, which can affect their mood and behavior.

Reality Therapy

A therapeutic approach that focuses on problem-solving and making better choices to achieve specific goals.