If Undetected,what Is the Effect of This Error on Berkshire's

question 48

Multiple Choice

If undetected,what is the effect of this error on Berkshire's 12/31/2015 balance sheet?

• A)Assets understated by $600,000 and shareholders' equity understated by $600,000.
• B)Assets understated by $420,000 and shareholders' equity understated by $420,000.
• C)Assets understated by $600,000,liabilities understated by $180,000,and shareholders' equity understated by $420,000.
• D)None of the above is correct.

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Definitions:

Internal Forces

Psychological or emotional pressures that influence an individual's decisions, behaviors, or feelings from within.

External Forces

Influences originating outside an organization that can impact its operations, strategies, and outcomes.

Theory of Change

A comprehensive description and illustration of how and why a desired change is expected to happen in a particular context, often used in planning and evaluating social and educational programs.

Patient Belief

The convictions or acceptance that patients hold regarding their health, treatments, and the healthcare system, which can influence their healthcare decisions and behaviors.