Which of the Following Is an Example of Managing Earnings

question 27

Multiple Choice

Which of the following is an example of managing earnings up?

• A) Decreasing estimated salvage value of equipment.
• B) Writing off obsolete inventory.
• C) Underestimating warranty claims.
• D) Accruing a contingent liability for an ongoing lawsuit.

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Definitions:

Tax Vouchers

Certificates or receipts used to claim a reduction in tax liability or to direct tax revenues to specific purposes or programs.

Aged, Blind, Disabled

is a categorization used in social policy to refer to individuals who qualify for certain types of government assistance due to their age, visual impairment, or disabilities.

Supplemental Security Income

Supplemental Security Income is a United States government program that provides additional financial support to elderly, blind, or disabled individuals with limited income and resources.

Medicaid

A health care program in the United States that provides medical assistance to individuals and families with low income and resources, jointly funded by the state and federal governments.