A Debit to a Liability Account Was Posted to a Revenue

question 36

Multiple Choice

A debit to a liability account was posted to a revenue account. This would cause

• A) assets to be overstated.
• B) liabilities to be overstated.
• C) capital to be overstated.
• D) revenue to be overstated.

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Definitions:

Observable Personal Attributes

Characteristics or qualities of an individual that can be noticed or measured by others through interaction or observation.

Stereotypes

Oversimplified and generalized beliefs or opinions about a group of people, often ignoring individual differences and leading to prejudices.

Primary Dimension

Refers to the core characteristics that define a person, including age, race, gender, physical ability, and sexual orientation.

Racism

The belief that races have distinctive cultural characteristics determined by hereditary factors and that this endows some races with an intrinsic superiority over others.