You Did Not Understand What the Term Accrual Meant and Failed

question 117

Multiple Choice

You did not understand what the term accrual meant and failed to accrue the interest due at the end of the year on the company's bonds.Which of the IMA standards appears to have been violated here?

• A) integrity
• B) confidentiality
• C) competence
• D) objectivity

---

Definitions:

Intellectual Ability

The capacity for thinking, reasoning, problem-solving, and acquiring knowledge.

Internal Medicine Doctor

A physician specializing in the diagnosis, treatment, and care of adults, focusing on internal organs and complex diseases.

Diagnosable Condition

A health issue that can be identified by medical professionals using established criteria.

Novices

Individuals who are new to a field or activity, lacking in experience or skill.