An Effective Way to Identify Liabilities That Were Unrecorded at Year-End

question 95

Multiple Choice

An effective way to identify liabilities that were unrecorded at year-end is

• A)reviewing liabilities recorded after year-end
• B)reviewing journal entries after year-end
• C)reviewing account closings after year-end
• D)reviewing the open purchase file for evidence of purchase commitments

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Definitions:

Chunking

A memory strategy involving grouping information into larger, manageable units or chunks.

Rehearse

The practice of repeatedly performing or going over material in order to learn or perfect it.

Visual Image

A mental representation or physical likeness of an object, person, scene, or concept perceived or imagined.

Foreign Language

A language that is not the native language of the speaker, but that is used in the area where they are living or is commonly studied as a second language.