OnaRoll,Inc

question 183

Multiple Choice

OnaRoll,Inc.amortizes its copyright of $20,000 over 40 years.Miss Hap,the bookkeeper,forgot to record the amortization in the current year.The effect of this mistake causes:

• A) assets to be overstated.
• B) cash to be overstated.
• C) retained earnings to be understated.
• D) liabilities to be understated.

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Definitions:

Nativist Theory

The belief that certain skills or abilities are innate and hardwired in the brain at birth, emphasizing the role of genetics and inheritance in human development.

Language Acquisition Device

A hypothetical module of the human mind posited to account for children's innate predisposition for language learning.

Biologically Equipped

Refers to the innate physical and cognitive abilities and mechanisms humans have due to their genetic makeup.

Innate Mechanism

An inherent, genetically determined trait or feature that enables an organism to respond to environmental stimuli.