Which of the Following Statements Is False

question 79

Multiple Choice

Which of the following statements is false?

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

Officially Designated

Formally recognized or identified by an authoritative or governing body as having a particular status or role.

Production-Oriented Leadership

A leadership style focusing primarily on the technical or task aspects of the job, with less emphasis on employee involvement or creativity.

Autocratic Style

A leadership style based on making decisions without asking for suggestions from others.

Empowering Leadership

A leadership style that involves sharing power with subordinates, fostering an environment where employees feel competent to make decisions, take action, and contribute ideas.