Which of the Following Management Assertions for Long-Term Liabilities Is

question 38

Multiple Choice

Which of the following management assertions for long-term liabilities is related to completeness?

• A)All material long-term liabilities are recorded.
• B)Assumption of new long-term liabilities and repayment of debt are properly authorized.
• C)Terms,conditions,and restrictions relating to long-term debt are adequately disclosed.
• D)Disclosure of five-year repayment schedule and debt maturity dates is accurate and adequate.

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Definitions:

Cognitive Therapy

A type of psychotherapy that helps patients identify and correct distorted thought patterns that can lead to feelings and behaviors that are troublesome, self-defeating, or self-destructive.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and other learning principles.

Behavioral Conditioning Therapies

Psychiatric treatment approaches that use conditioning techniques to change undesirable behaviors into more desirable ones through reinforcement or punishment.

Bipolar Disorders

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).