Which of the Following Would Be a Consequence of Reversing

question 1

Multiple Choice

Which of the following would be a consequence of reversing the polarity of a battery bank on truck electrical system?

• A) battery explosion
• B) damage to the truck electronics
• C) damage to the alternator
• D) all of the above

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Definitions:

Fair Value Adjustments

Amendments made to the book value of assets or liabilities to align them with their fair value.

Carrying Amount

The current book value of an asset or liability on the balance sheet, considering factors like depreciation or impairment.

Parent Assets

Assets held by a parent company, including those arising from investments in subsidiaries and other entities over which the parent company has control.

Carrying Amount

The book value of assets and liabilities that is reported in the financial statements, calculated as the original cost minus any depreciation, amortization, or impairment costs made against the asset.