A Company Failed to Report the $600,000 Additional Liability for Its

question 105

Multiple Choice

A company failed to report the $600,000 additional liability for its underfunded pension plan.Its tax rate is 30%.As result of this error,retained earnings would be:

• A)Unaffected.
• B)Overstated by $600,000.
• C)Overstated by $420,000.
• D)Overstated by $180,000.

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Definitions:

Person-centered Approach

A therapeutic approach developed by Carl Rogers, focusing on an individual's self-worth and values, emphasizing empathy and unconditional positive regard.

Nondirective

A therapeutic approach in which the therapist refrains from giving advice or direction but instead helps the individual to explore and express their feelings and thoughts.

Motivational Interviewing

A counseling approach designed to enhance an individual's motivation towards making positive changes in their behavior, emphasizing empathy and understanding.

Empathy

The ability of the therapist to understand the feelings of the client.