Which of the Following Is Not a Misstatement of the Financial

question 21

Multiple Choice

Which of the following is not a misstatement of the financial statements?

• A)The entity uses different inventory accounting methods for internal and external reporting.
• B)A departure from GAAP.
• C)The footnote for pensions is omitted.
• D)A clerk incorrectly based the allowance for doubtful accounts on 31% of sales as opposed to 13% of sales as determined by the controller.

---

Definitions:

Trapezius Group

The trapezius muscle group is a large muscle extending from the neck to the mid-back and across the shoulders, involved in moving, rotating, and stabilizing the scapula (shoulder blade) and extending the neck.

Vastus Intermedius

A deep muscle in the anterior compartment of the thigh, part of the quadriceps femoris group, lying between the vastus lateralis and vastus medialis.

Quadriceps Femoris

A significant muscular grouping, consisting of four dominant muscles located at the front of the thigh, crucial for extending the knee.

Ventrolateral Surface

Refers to the surface of an anatomical structure that is both toward the belly and the side.