Which of the Following Statements Is Not an Example of a Correction

question 17

Multiple Choice

Which of the following statements is not an example of a correction of an error in previously issued financial statements?

• A)adopting the allowance method for bad debts when the direct write-off method had been used because direct write-off was used for tax purposes
• B)recording depreciation on plant assets that were not depreciated last year because of a computer problem
• C)adopting straight-line depreciation for newly acquired assets and continuing to use the double-declining-balance method for existing assets
• D)correcting the ending inventory amount from last year because inventory in transit was missed

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Definitions:

Interrupts

Acts of suddenly breaking the continuous progress of speech or an activity, often leading to disruption or a change in the flow of conversation.

Ineffective Listeners

Individuals who struggle to actively engage with or accurately interpret spoken communication, often leading to misunderstandings or lack of comprehension.

Surface Listeners

Individuals who give the appearance of listening without fully engaging or understanding the content being discussed.

Ineffective Listener

A person who struggles to listen actively, understand, or retain what is being communicated.