A Client Asks His Accountant to Ignore a Mistake Which

question 26

Multiple Choice

A client asks his accountant to ignore a mistake which overstated the accounts receivable account.The accountant decides that the accounts receivable account has to be corrected to state the correct amount.Which stage of Kohlberg' Stages of Moral Development is the accounting reasoning?

• A)Stage 2
• B)Stage 3
• C)Stage 4
• D)Stage 5

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Definitions:

Revised Uniform Limited Partnership Act

A standardized set of laws intended to govern limited partnerships across states, aiming to provide a consistent legal framework for their creation, operation, and dissolution.

Dissolved

The process of officially ending the existence of a legal entity, such as a corporation or partnership.

Revised Uniform Limited Partnership Act

A set of laws adopted by some states to govern the formation, operation, and dissolution of limited partnerships.

Uniform Limited Liability Company Act

A comprehensive statute that provides a legal framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the United States.