Which of the Following Items Below Is Recorded as an Estimate

question 63

Multiple Choice

Which of the following items below is recorded as an estimate when initially recognized?

• A)CPP payable
• B)Unearned revenue
• C)Warranty obligation
• D)Notes payable

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Definitions:

Adductor Muscles

Muscles located in the thigh that are responsible for pulling the legs together.

Sans Serif

A category of typefaces that do not have the small projecting features called "serifs" at the end of strokes.

Typeface

A set of characters that share common design features, which includes letters, numbers, and symbols, used in printing and digital media.

Hedging

The use of cautious language to make statements less absolute, often to reduce risk or liability.