Which of the following would be considered "the nature of a misstatement" that might make it material?
a. Comparing the sum of known and projected misstatements to total current assets.
b. Comparing the sum of known and projected misstatements to total current liabilities.
c. Comparing the sum of known and projected misstatements to pretax income.
d. Having the effect of changing a positive earnings trend to a negative earnings trend.
d
You might also like to view...
A court may find two persons to be partners even though neither had the specific intent to create a partnership.
Answer the following statement true (T) or false (F)
The best reason for a refusal is "company policy" because it requires no further explanation
Indicate whether the statement is true or false
A study had 218 leaders provide measures of their identity, and 935 subordinates rated the managers. This study found that
a. the leaders high on collective identity performed more altruistic behaviors, which resulted in them being rated higher on performance b. the leaders high on individual identity performed more altruistic behaviors, which resulted in them being rated higher on performance c. the subordinates were not accurate in estimating the leaders’ self-identity d. the effective leaders were better at assessing their subordinates’ identity
Leaders must step up to become educated and comfortable with new communication technology methods and tools.
a. True b. False