Technician a Says That a Collision-Damaged Vehicle Must Be Restored

question 10

Multiple Choice

Technician A says that a collision-damaged vehicle must be restored to within 5 MM of the manufacturer's original specifications. Technician B says that "sag" is a condition in which one of the side rails has been struck hard at the front causing it to be moved back, sometimes over the entire length of the vehicle. Who is correct?

• A) A only
• B) B only
• C) Both A and B
• D) Neither A nor B

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Definitions:

Dividends Declared

The announcement by a company's board of directors of the issuance of dividends to shareholders.

Accounting Estimates

Assumptions made about future financial transactions that impact the reporting of a company's financial statements, such as allowances for doubtful accounts.

Cumulative Adjustment

An accounting method used to make corrections to cumulative errors in financial statements of previous years.

Prior Period Adjustments

Corrections of errors in previously issued financial statements for periods that have already been reported.