In Addition to Proofreading All Numbers, You Should

question 14

Multiple Choice

In addition to proofreading all numbers, you should

• A) verify all extensions and totals.
• B) assume the extensions are correct.
• C) assume the totals are correct.
• D) make corrections without referring to source documents.

---

Definitions:

Reasonable Value

The fair or market value of goods or services, assessed based on what a reasonable buyer would be willing to pay under similar circumstances.

Lacked Capacity

Refers to a situation where an individual does not have the legal ability to enter into a binding contract, often due to age, mental condition, or intoxication.

Mental Impairment

A condition that significantly affects one's cognitive functions, potentially impacting daily living and activities.

Ratify

To formally approve or confirm, often referring to the approval of agreements, treaties, or constitutional amendments.