Which One of the Following Statements Is NOT Correct

question 35

Multiple Choice

Which one of the following statements is NOT correct?

• A) A misclassification in the balance sheet will have no effect on operating income.
• B) Either an overstatement of an asset account or an understatement of a liability account would have the same effect on the income statement.
• C) Either an understatement of an asset account or an overstatement of a liability account would have the same effect on the income statement.
• D) Either an overstatement of an asset account or an overstatement of a liability account would have the same effect on the income statement.

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Definitions:

Directive Leadership Style

A leadership approach where the leader gives clear and authoritative directions to subordinates, setting clear standards and expectations.

Satisfied Employee

An employee who experiences contentment and fulfillment from their job, often leading to higher productivity and loyalty to the company.

Identifying Skills

The ability to recognize, categorize, and label individual and group skills.

Worker Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, which can significantly affect productivity and team cohesion.