Which of the Following Is Not a Reasonable Matching A)I
B)II
C)III
D)IV
E)V

question 9

Multiple Choice

Which of the following is not a reasonable matching? $$\begin{array} { l l l } & \text { Item } & \text { Related Conservative Policy } \\\text { I. } & \text { inventory } & \text { LIFO } \\\text { II. } & \text { fixed assets } & \text { accelerated depreciation } \\\text { III. } & \text { intangible assets } & \text { short period of time for amortization } \\\text { IV. } & \text { pensions } & \text { short period of time to amortize prior service cost } \\\text { V. } & \text { receivables } & \text { direct write-off method }\end{array}$$

• A)I
• B)II
• C)III
• D)IV
• E)V

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Definitions:

Mexican Pesos

The official currency of Mexico, symbolized as MXN, used for all financial transactions within the country.

Income Statement

A financial statement that shows the company’s revenues, expenses, and profits or losses over a specific period, providing insights into its operational efficiency and profitability.

Two-Transaction Perspective

An approach in accounting or finance where a transaction is considered to have two distinct parts or effects, often used in foreign currency transactions and hedges.

Foreign Exchange Gains

Profits resulting from changes in the value of currency exchange rates.