Which of the Following Is an Example of a Change

question 16

Multiple Choice

Which of the following is an example of a change in accounting estimate?

• A)Switching from straight-line to the declining balance method of depreciation.
• B)Using 3% for the allowance for bad debts, instead of 1% as stated in the company's procedures manual.
• C)Using 5% for the allowance for bad debts because of the increased possibility of bankruptcy by customers.
• D)Changing from weighted average to the first-in, first-out method of inventory valuation.

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Definitions:

Biological Sex

The classification of individuals as male or female based on physical and genetic characteristics, such as chromosomes, hormones, and reproductive organs.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Klinefelter's Syndrome

A genetic condition affecting males, characterized by the presence of an extra X chromosome, leading to various physical, developmental, and reproductive challenges.

Masculine Physique

Physical characteristics traditionally associated with men, such as greater muscle mass and strength.