All of the following represent risks associated with fixed assets and related expenses except
A)Incomplete recording of asset disposals
B)Environmental liabilities or claims related to violations of safety and protection regulations
C)Failure to properly recognize impairment in value
D)All represent risks

Question

Quizplus · Accepted Answer

All of the options listed represent risks associated with fixed assets and related expenses. Incomplete recording of asset disposals can result in overstated asset values and understated expenses. Environmental liabilities or claims related to violations of safety and protection regulations can result in financial and reputational damages. Failure to properly recognize impairment in value can result in overstated asset values and understated expenses, leading to inaccurate financial reporting. Therefore, all options represent risks that need to be evaluated and managed.

All of the Following Represent Risks Associated with Fixed Assets