Answer:
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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:
fostering international monetary and global financial stability and maintenance of gold reserves
Explanation:
The BIS serves as a bank for member central banks, and its role is to foster international monetary and financial stability. The Central Bank creates money to buy government securities from the market in order to lower interest rates and increase the money supply.
The BIS competes directly with other private financial institutions for global banking activities. However, it does not hold current accounts for individuals or governments. ... To compete with private financial institutions, the BIS offers a top return on funds invested by central banks.
The BIS has developed a range of banking services specifically designed to assist central banks and monetary authorities in the management of their foreign exchange and gold reserves. It also acts as a banker to, and manages funds for, international financial institutions.
Answer:
Disintermediation (of the distribution centre)
Explanation:
