Which of the Following Should Not Be Reported Retrospectively

question 86

Multiple Choice

Which of the following should not be reported retrospectively?

• A)Change from a good faith but erroneous estimate to a new estimate
• B)Use of an unacceptable accounting principle, then changing to an acceptable accounting principle
• C)Use of an unrealistic accounting estimate, then changing to a realistic estimate
• D)Correction of an overstatement of ending inventory two years ago

Describe how related goods affect each other's demand through changes in price.

Understand the impact of high conscientiousness and emotional stability on workplace behavior.

Recognize the influence of external locus of control on personal attribution of workplace events.

Identify personality traits associated with safer work behaviors.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of human experience, cognition, and emotion.

Empirical Claims

Claims that can be true or false depending on the facts.

Prove

To demonstrate the truth or existence of something through evidence or argument.

Confirmation Bias

The tendency to search for, interpret, and remember information in a way that confirms one's preconceptions.