Once a Decision to Restructure Is Made,GAAP Requires Companies to

question 101

Multiple Choice

Once a decision to restructure is made,GAAP requires companies to

• A)accrue for the cost of services to be provided in some future period by lawyers and accountants.
• B)overstate estimated charges for future expenditures when such charges are difficult to measure.
• C)take excessive restructuring write-offs thereby complying with the conservatism principle.
• D)estimate the future costs they expect to incur to carry out the restructuring.

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