Answer:
Estas líneas imaginarias se llaman latitudes y longitudes. ... Las longitudes son semicírculos (líneas verticales) que van de norte a sur uniendo el Polo Norte y el Polo Sur. Las latitudes se denominan paralelos y las longitudes se denominan meridianos.
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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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Longitude is measured by imaginary lines that run around the Earth vertically (up and down) and meet at the North and South Poles. These lines are known as meridians. Each meridian measures one arcdegree of longitude. The distance around the Earth measures 360 degrees
