Which of the Following Is Not Reported as an Accounting

question 25

Multiple Choice

Which of the following is not reported as an accounting error (prior period adjustment) ?

• A) Change in the method of inventory pricing form FIFO to average-cost.
• B) Mathematical mistakes.
• C) Mistakes in the application of accounting principles.
• D) Oversight or misuse of facts that existed at the time financial statements were prepared.

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Definitions:

Premarital Sex

Sexual activity that occurs before entering into a legal marriage.

Adults

Individuals who have reached the age of maturity, typically characterized by completion of physical growth and partaking in responsibilities and activities associated with social and legal adulthood.

Premarital Sex

Sexual activities that occur before marriage.

Adults

Adults are individuals who have reached a stage of physiological and psychological maturity, typically recognized by reaching a certain age, which varies across different cultures and legal systems, and entails certain responsibilities and societal roles.