The Use of Alternative Accounting Principles

question 134

Multiple Choice

The use of alternative accounting principles

• A) is not a problem in ratio analysis because the notes to the statements disclose the principles used.
• B) may be a problem in ratio analysis even if disclosed.
• C) is not a problem in ratio analysis since eventually all principles will lead to the same end.
• D) is only a problem in ratio analysis with respect to inventory.

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Definitions:

Ptosis

A drooping or falling of the upper eyelid which may be due to a variety of causes including disease, injury, or natural aging.

Blepharitis

An inflammation of the eyelids, often causing redness, itching, and dandruff-like scales on eyelashes.

Glaucoma

Glaucoma is a group of eye conditions that lead to optic nerve damage, often associated with elevated intraocular pressure, and can result in loss of vision if not treated.

Sty

A painful, red lump on the edge of an eyelid caused by an infected oil gland.