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

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Definitions:

Personality Inventory

A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.

Behaving

Demonstrating actions or conduct in response to specific stimuli or environments.

Excessively Laugh

Inappropriate or uncontrollable laughter that is excessive and not aligned with the surrounding context or stimuli.

Disheveled Hair

An untidy or unkempt state of hair, often used to describe a person's appearance.