The Accountant for Hobson Electrical Repair Company Failed to Make

question 127

Multiple Choice

The accountant for Hobson Electrical Repair Company failed to make an adjusting entry to record $5,000 of unpaid salaries for the last two weeks of the year.Which of the following is TRUE?

• A) Total revenue is overstated.
• B) Total revenue is understated.
• C) Total expenses are overstated.
• D) Total expenses are understated.

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Definitions:

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the individual's potential for personal growth.

Unconditional Self-Regard

The acceptance and appreciation of oneself without judgment or evaluation.

Carl Rogers

An influential American psychologist who founded the client-centered approach to psychotherapy and emphasized the importance of empathy, unconditional positive regard, and genuineness in therapy.

Unconditional Positive Regard

A concept in client-centered therapy, emphasizing the therapist's acceptance and support of the client regardless of what the client says or does.