Modern accounting software makes it relatively easy to correct a transaction error. Minor errors discovered after the annual financial report is prepared are not corrected. Why not?
A. Bookkeepers do not know how to fix the errors.
B. Retracting an annual report is not appropriate for minor errors.
C. Current year budgets would have to be changed.
D. Accounting errors should be corrected only after a forensic audit.
Answer: B
You might also like to view...
Lateral attachment of serratus posterior superior is:
a. 4th–7th costals b. 3rd–6th costals c. 2nd–5th costals d. 1st–4th costals
Code for an extended (extratemporal) excision of an aural glomus, transcanal tumor
A) 69554 B) 69552 C) 69550 D) 69540
Hospice care is reimbursed on a per diem basis for all levels of care
Indicate whether the statement is true or false
You have been called to the home of a 62-year-old male who has failed to go to dialysis for the past week and is now unresponsive. After placing him on high-flow oxygen and obtaining a set of vital signs—pulse rate 46 beats/min, respirations 30 breaths/min, blood pressure 242/136 mm Hg, skin pale, cool, and clammy—you perform a physical exam. You observe that the patient's hands and feet have pitting edema, his breath smells strongly of urine, and his skin is covered in a white, dry, and crusty residue. As you place your ECG electrodes, you expect to find:
A) Peaked T waves B) A third-degree heart block C) A depressed ST segment with inverted T waves D) ST segment elevation