Which of the Following Accounts Would Most Likely Be Reviewed

question 17

Multiple Choice

Which of the following accounts would most likely be reviewed by the auditor to gain reasonable assurance that additions to property, plant, and equipment are not understated or incorrectly classified?

• A)Depreciation expense.
• B)Accounts payable.
• C)Cash.
• D)Repairs and maintenance expense.

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Definitions:

Ingroup Favoritism

A psychological pattern where individuals prefer and favor members of their own group over those from different groups.

Prejudiced

Prejudiced refers to having preconceived opinions or judgements about something or someone, often involving negative and unfounded attitudes towards different races, genders, or other social groups.

Minimal Group Effect

The finding that people show favoritism toward ingroup members even when group membership is randomly determined.

Social Groups

Collections of individuals who interact with one another and share similar interests, goals, or characteristics, forming the basis of society.