Improperly classifying large expenditures as assets rather than expenses
A) could constitute fraud.
B) understates income for the period.
C) understates equity on the balance sheet.
D) results in none of these options.
A
You might also like to view...
A boutique-type advertising agency:
A) offers a wide array of services B) is designed to handle smaller accounts C) serves in-house clients D) offers one or a few specialized service or works with one type of client
A 15% stock dividend will increase the number of shares outstanding but the book value per share will decrease
a. True b. False Indicate whether the statement is true or false
An ethics ombudsperson:
A. handles all negative publicity for an organization. B. interacts with the organizational stakeholders on a daily basis. C. is also called a whistle-blower. D. is an official who assumes the role of corporate conscience. E. writes the company's code of ethics.
Approaching a legislator with ______ is important to persuade a legislator.
A. facts B. a petition C. campaign funds D. volunteer staff members