An Increase in Assets Relating to a Retrospective Change in Accounting

question 19

True/False

An increase in assets relating to a retrospective change in accounting policy will result in a credit to the related future tax accounts.

---

Definitions:

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgement, and memory.

Natural Selection

The process whereby organisms better adapted to their environment tend to survive and produce more offspring.

Biologists

Scientists who study living organisms and their relationship to the environment, including their structure, function, growth, and evolution.

Mutation

A new gene or combination of genes.