The theory of Mercantilism
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:
What invention would most improve your daily life?
Explanation:
Questions we ask ourselves when considering how would our daily life will be improved by inventions require divergent thinking:
That means using creativity, innovative proposals and often vague ideas thate need to be further worked out. Normally when we engage in certain activities this thinking later requires the convergent thinking in order to make ideas something possible. Think of brainstorming as a clear way to use divergent thinking, the See below ! :)
New England that's 1 that's all
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