Which of the Following Is Not Considered an Accounting Estimate

question 30

Multiple Choice

Which of the following is not considered an accounting estimate?

• A)Allowance for loan losses.
• B)Credit sales.
• C)Net realizable value of inventory.
• D)Percentage-of-completion revenue to be recorded.

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Definitions:

Social Value

The importance or beneficial impact of an action, policy, or practice on the well-being and functioning of a society or community.

Human Health

The state of physical, mental, and social well-being in individuals, not merely the absence of disease or infirmity.

Anthropogenic

Originating in human activity, commonly used in the context of environmental science to describe effects or processes that result from human influence on the natural world.