Verification of the Legitimacy of Year-End Unpaid Bonuses to Officers

question 54

Multiple Choice

Verification of the legitimacy of year-end unpaid bonuses to officers and employees can be accomplished by comparing the recorded accrual to the amount

• A) in the expense account.
• B) used in the prior period.
• C) authorized in the minutes of the board.
• D) paid in the subsequent period.

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Definitions:

Logical Reasoning

The process of using rational, systematic steps based on sound mathematical procedures and given statements to arrive at a conclusion.

Overextension

A linguistic phenomenon where a child applies a word in a broader context than is appropriate, indicating the developmental process of language acquisition.

Receptive Vocabularies

The words a person can understand and recognize, even if they cannot actively use them in speech or writing.

Productive Vocabularies

The set of words an individual can actively use in speech or writing, as opposed to passive vocabulary recognized in others' communications.