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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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Answer:
It should be: Don is not required to do anything other than indicate on the TDS that there is a musty odor in one bathroom.
Explanation:
Don must disclose the musty odor, but is not required to have the property inspected for mold. Because the buyer is notified of a musty smell, the buyer may request a mold inspection
He is required to conduct a reasonably competent and diligent visual inspection of the property and disclose to a prospective buyer all material facts that may affect value, desirability, and intended use of the property.
The destruction of an opponent’s resources is the best description of a scorched earth policy.
Option B
<u>Explanation</u>:
A strategy used by the military of a nation that aims to destroy the assets which might be useful for the opponent or enemy to attack when retreating from a position. This military strategy used becomes a policy which is known as scorched earth policy.
The assets they aims to destroy are usually weapons, any industrial resources, communication sites and vehicles used for transportation. This whole process is carried by the military either in the enemy territory or in its home territory while invading.
