Which of the Following Misstatements Is Most Likely to Be

question 81

Multiple Choice

Which of the following misstatements is most likely to be uncovered during an audit of a client's bank reconciliation?

• A)Duplicate payment of a vendor's invoice
• B)Billing a customer at a lower price than indicated by company policy
• C)Failure to record a collection of a note receivable by the bank on the client's behalf
• D)Payment to an employee for more than the hours actually worked

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Definitions:

Real-Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions, providing guidance, negotiation, and expertise.

Contaminated Cola

A scenario or product where cola or soft drink is tainted or polluted, causing potential harm to consumers.

Zoning

Regulations governing the use and development of land to shape urban growth and land use.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to damages or injury.