A Company Forgot to Record Four Adjustments During 2017

question 162

Multiple Choice

A company forgot to record four adjustments during 2017.Which one of the following omissions of adjustments will overstate assets?

• A)Sales made during the last week of the period are not recorded.
• B)Interest on monies borrowed has not yet been recorded.
• C)Prepaid insurance is not reduced for the portion of the policy that has expired during the period.
• D)Income taxes owed but not yet paid are ignored.

Recognize the comparisons and contrasts between information-processing theory and Piaget's theory.

Know the development of language and communication from infancy.

Identify factors influencing language acquisition and early cognitive development.

Understand the concepts of object permanence and egocentrism in cognitive development.

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Definitions:

Kübler-Ross' Stages

A theory introduced by Elisabeth Kübler-Ross detailing five stages of grief: denial, anger, bargaining, depression, and acceptance.

Prolonged Grief

An extended period of intense sorrow, mourning, and adjustment following a significant loss, beyond the norm of cultural expectations.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual’s cognition, emotional regulation, or behavior.

Euthanasia

The practice of intentionally ending a life to relieve pain and suffering; it can be voluntary, non-voluntary, or involuntary.