A credit to a liability account was posted to an owner's equity account. This would cause __________.
A. assets to be overstated
B. liabilities to be understated
C. owner's equity to be understated
D. net income to be overstated
B. liabilities to be understated
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One aspect of the corporate form can be considered both an advantage and a disadvantage. What aspect is this, and why can it be considered both?
Using an employee sample of 107 primary respondents and 213 peer respondents in the United States, Cottrill’s (2012) study reported that authentic leadership and organizational climate for ethics were:
a. Moderately linked b. Positively linked c. Not associated d. Negatively linked
Warren is conducting a marketing research project. He is not sure what questions to ask or what types of consumers he should talk to. Therefore, Warren should begin by conducting quantitative research.
Answer the following statement true (T) or false (F)
The Wurzer Corporation entered into a written contract to hire Dixon in an executive position for six years for $200,000 a year. After three years, Dixon asked for a raise of $25,000 per year. Wurzer at first refused, but then agreed because of the pressure placed on him by Dixon. After the sixth year Dixon left his position with the Corporation and Wurzer sued for a return of the extra $25,000
per year for the three remaining years on Dixon's contract. Who should win the case? a. Dixon, because Wurzer agreed to the raise. b. Dixon, if the raise was agreed to in writing c. Wurzer, even though Wurzer agreed to the raise d. Wurzer, because Dixon had applied pressure to get the raise.