Which of the Following Characteristics Exist in Critical Accounting Communications

question 101

Multiple Choice

Which of the following characteristics exist in critical accounting communications?

• A)the nature of the estimate is material due to the levels of subjectivity
• B)judgment is necessary to account for highly uncertain matters or the susceptibility of such matters to change
• C)the impact of the estimate on financial condition or operating performance is material
• D)All of these answer choices are correct.

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Definitions:

Structural Devices

Structural devices are techniques used in writing and speech to organize and arrange content for clarity, impact, and effect, such as paragraphs, chapters, stanzas, and bullet points.

Settlement

An agreement reached by negotiating parties, especially in a legal context, to resolve a dispute without continuing to trial.

Court

A governmental institution authorized to resolve legal disputes, interpret laws, and administer justice.

Agreement

An agreement or compact formed between two independent nations.