You Were Surprised to Note That Approximately 95% of Returned

question 15

Multiple Choice

You were surprised to note that approximately 95% of returned positive accounts receivable confirmation requests indicated that the customers thought that they owed a larger balance than the amount that had been printed by your client on the confirmation.This might be explained by the fact that:

• A)The cash receipts journal was closed before year-end.
• B)The cash receipts journal was held open after year-end.
• C)There are many unrecorded liabilities.
• D)The sales journal was held open after year-end.

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Definitions:

Situational

Referring to or determined by environmental circumstances or conditions, often used in contexts discussing behavior or performance.

Personal

Pertaining to or affecting a particular person rather than anyone else, often with regard to individual privacy or personal identity.

Efficacy Expectation

A feeling that one can or cannot execute a particular behavior.

Situational Contrast

Situational Contrast refers to the change in perception or response due to differences in previous or simultaneous conditions or environments.