transitive verb. : to state in too strong terms : exaggerate overstated his qualifications.
How do you use overstate?
Meaning: v. to enlarge beyond bounds or the truth.
- Don’t overstate your case or no one will believe you.
- He tends to overstate his case when talking politics.
- She’s very busy so don’t overstate the case – just give her the essentials.
- It is easy to overstate the case.
- Don’t overstate your case.
Can be understated meaning?
The definition of understated is something done in a modest and not over-stated or overly flashy way. … A piece of jewelry that is not big or flashy is an example of something that would be described as understated.
What is overstated in accounting?
overstated in Accounting
If an account or a figure on an account is overstated, the amount that is reported on the financial statement is more than it should be.
What is overstated income?
Definition of Overstated
When an accountant uses the term overstated, it means two things: The reported amount is incorrect, and. The reported amount is more than the true or correct amount.
What is overstatement of income?
Impact of an Inventory Overstatement on Income Taxes
When an ending inventory overstatement occurs, the cost of goods sold is stated too low, which means that net income before taxes is overstated by the amount of the inventory overstatement.
What Cannot be understated?
Definition of cannot be overstated
—used to say that something is very large or very great The importance of tomorrow’s test cannot be overstated.
What does lowkey mean?
Low-key can variously mean “quiet,” “restrained,” “moderate,” or “easygoing.” It can also behave as an adverb meaning “of low or moderate intensity.” Like doing something, but in a “chill” way. For instance: We’re having a party at my place but keeping it low-key so the neighbors don’t complain.
What is understated person?
Meaning of understated in English
not trying to attract attention or impress people: approving He’s very elegant, in an understated way. Synonym. unpretentious approving.
What is overstatement English?
If you refer to the way something is described as an overstatement, you mean it is described in a way that makes it seem more important or serious than it really is.
What is overstatement in literature?
Overstatement is when you use language to exaggerate your intended meaning. These statements count as figurative language and are not meant to be taken literally. Also known as hyperbole, overstatement is used intentionally to emphasis the importance of your statement.
What is the purpose of using an understatement?
An understatement is a tool that helps to develop other figures of speech, such as irony and sarcasm, by deliberately decreasing the severity of a situation, when an intense response is expected by the listeners or the readers.
What overstated assets?
If an account or a figure on an account is overstated, the amount that is reported on the financial statement is more than it should be. Auditors will be asking the company’s directors to explain why non-current assets in the accounts were overstated and not reported at their recoverable amount.
What is the effect of overstated ending inventory?
When inventories are overstated it lowers the COGS, because the excess stock in accounting records translates to higher closing stock and less COGS. When ending inventory is overstated it causes current assets, total assets, and retained earnings to also be overstated.
What is overstated equity?
Equity Overstated. Remember: ADJUSTING ENTRIES AFFECT AT LEAST ONE INCOME STATEMENT ACCOUNT AND ALSO A BALANCE SHEET ACCOUNT. THIS MEANS THAT IF AN ENTRY IS OMITTED, OR DONE IMPROPERLY, ALL OF THE FINANCIAL STATEMENTS ARE AFFECTED.
What lowkey attractive?
Restrained, subtle, not trying to attract attention.
What does BAe mean in texting?
“Bae,” Urban Dictionary says, is an acronym that stands for “before anyone else,” or a shortened version of baby or babe, another word for sweetie, and, mostly unrelated, poop in Danish.
What does low-key jealous mean?
It means something like “modest“, “subtle”, “restrained”, or “understated”.
Is hard to overstate?
We correctly use “hard to overstate” about things which are at, or near, the maximum or high end of some scale. It is hard to overstate the danger of touching high-voltage wires. It is hard to overstate the destructive power of an atomic bomb.
What does it is hard to overstate meaning?
To overstate something is to exaggerate its importance. However some things are so important that it is difficult to praise their influence too much.
What does lead the pack mean?
Definition of lead the pack/field
: to be ahead a runner who is leading the pack/field.
How do you fix overstated income?
Negative adjusting entries are used to correct errors in the income statement revenue and expense accounts. If a revenue account’s credit balance is overstated, the negative adjustment is a debit entry. If a revenue account’s debit balance is overstated, the negative adjustment is a credit entry.
What happens if liabilities are overstated?
If a company overstates assets or understates liabilities it will result in an overstated net income, which carries over to the balance sheet as retained earnings and therefore inflates shareholders’ equity. … Some of these ratios may include debt to equity, total assets to equity, and total liabilities to equity.
What happens when net income is overstated?
Overstatement of Income
To calculate the income, the cost of goods sold is subtracted from the revenue. If the cost of goods sold is too low compared to what it should be, this makes the net income appear larger than it actually is. When this happens, it increases the tax liability for the company.