Which of the Following Relatively Small Misstatements Most Likely Would

question 27

Multiple Choice

Which of the following relatively small misstatements most likely would have a material effect on an entity's financial statements?

• A)An illegal payment to a foreign official that was not recorded.
• B)A piece of obsolete office equipment that was not retired.
• C)A petty cash fund disbursement that was not properly authorized.
• D)An uncollectible account receivable that was not written off.

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Definitions:

Treatments

Treatments refers to the application of procedures or substances with the intention of curing diseases or alleviating symptoms in a patient.

Five Separate Dimensions

A concept or model that breaks down a subject or phenomenon into five distinct aspects for better analysis or understanding.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a guide for diagnosing mental disorders.

Mental Disorder

A broad range of conditions affecting mood, thinking, and behavior, often leading to distress or impaired functioning in daily life.