On the Income Statement, the Result of Changing from Double-Declining-Balance

question 66

Multiple Choice

On the income statement, the result of changing from double-declining-balance to straight-line depreciation is found in

• A) operating revenues and expenses.
• B) other revenues or expenses.
• C) extraordinary gains or losses.
• D) cumulative effects.

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Definitions:

Immature Moral Reasoning

A level of moral development in which individuals make decisions based on their own interests and the immediate consequences, without considering society's norms and laws.

Universal Moral Reasoning

The concept that there are fundamental principles of right and wrong that are recognized across all cultures and societies.

Acting Basis

The foundational principle or reason behind the execution of a particular role or behavior.

Benevolence

The quality of being well-meaning and kindly, often characterized by acts of generosity and compassion towards others.