Which of the Following Does Not Involve the Use of Estimates

question 18

Multiple Choice

Which of the following does not involve the use of estimates by an entity in preparing its financial statements?

• A) Doubtful debts expense
• B) Depreciation expense
• C) The original purchase price of an asset
• D) Employee benefit liabilities such as long-service leave

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Definitions:

Hasinai

A confederation of Caddo-speaking Native American tribes in the southeastern United States, particularly known for their interaction with Spanish explorers in the 16th century.

Mississippi

A state in the southeastern region of the United States, known for its rich history, cultural heritage, and significant role in the American Civil Rights Movement.

Fort

A military stronghold, often fortified and garrisoned, used for defense in warfare.