Which of the Following Accounting Techniques Did Tyco Use

question 156

Multiple Choice

Which of the following accounting techniques did Tyco use?

• A) Spring-loading
• B) Inventory valuation changes
• C) Materiality
• D) Both a and b
• E) a, b, and c

---

Definitions:

Jacuzzi

A brand name often used generically to refer to any hot tub or whirlpool bath with underwater jets that massage the body.

Adjusted Gross Income

Adjusted Gross Income, or AGI, is an individual's total gross income minus specific deductions, used to determine taxable income on an income tax return.

Casualty Loss Deduction

A tax deduction allowed for losses from sudden, unexpected, or unusual events, such as natural disasters, fire, or theft, not compensated by insurance.

Insurance Settlement

A payment made by an insurance company to a policyholder following a claim for loss or damage covered by the policy.