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2 years ago

Why do you think a company could permit liability accounts to be overstated

1 answer:

4 0

A company could permit asset accounts to be understated when there are measurement errors, accounting errors, and improper implementation of accounting principles and policies.

A company could permit liability accounts to be overstated if liabilities are higher. This might be due to the over-accruing of expenses by the company.

Overstatement of income is more likely. Normally an organization does misstatements to improve profitability.

This is done by either expenses understatement or revenue overstatement.

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3 years ago

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2 years ago

What is the difference between traffic lights with red arrows and those with solid red lights?

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3 years ago

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Nataliya [291]

Answer:

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Explanation:

failure to communicate clearly

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2 years ago

Hermione granger borrowed her best friend's car and was in an accident. she was at fault. the car was totaled. what part of herm

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The correct answer would be option C, Property Damage Liability.

Property Damage Liability of Hermione's automobile insurance policy would cover the damage to her friend's care.

Explanation:

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3 years ago

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