Question: Which of the following relatively small misstatements most likely could have a material effect on an entitys financial statements? a. An illegal payment to a

Which of the following relatively small misstatements most likely could have a material effect on an entity’s financial statements?

a. An illegal payment to a foreign official that was not recorded.

b. A piece of obsolete office equipment that was not retired.

c. A petty cash fund disbursement that was not properly authorized.

d. An uncollectible account receivable that was not written off.

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