Which of the Following Statements Is False

question 27

Multiple Choice

Which of the following statements is false?

• A) A company can change the method used for depreciating assets if the change can be justified because it provides a better measure of the company's profit.
• B) Either a change in estimate or a change in method can only be justified on the basis it provides a better measure of profit.
• C) A change in estimate requires the company to recalculate and restate all the prior years' estimates of depreciation and adjust the impact on the statement of financial position and income statement.
• D) A change in estimate is frequently necessary because the estimates of useful lives or residual values may change over time because conditions change.

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Definitions:

Emotional Interpersonal Conflict

A type of conflict that arises from emotional differences and personal incompatibilities between individuals.

Cross-functional Teams

Teams composed of members from different departments or areas of expertise, working together towards a common goal.

Intergroup Conflict

Refers to tensions and disputes that occur between different groups, often stemming from competition for resources, differing values, or misunderstandings.

Emotional Interpersonal Conflict

Situations where personal disagreements or friction between individuals are driven by emotions, potentially affecting relationships.