Which of the Following Is an Example of a Change

question 135

Multiple Choice

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

• A)Changing from weighted average to the first-in, first-out method of inventory valuation.
• B)Capitalizing a delivery truck that had previously been expensed.
• C)Using 5% for the allowance for bad debts because of the increased possibility of bankruptcy by customers.
• D)Using 4% for the allowance for bad debts, instead of 2% as stated in the company's procedures manual.

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Definitions:

Psychoanalytic Theorist

An individual who explores and theories about the unconscious motivations that influence human behavior, typically drawing on Freudian concepts.

Developmental Stages

Distinct phases in the life cycle of humans (and other organisms) that are characterized by specific physical, psychological, and cognitive developments.

Physical Appearance

The way an individual's body and features look to themselves and others, often influencing personal identity and social interactions.

Psychosexual Stages

A Freudian concept describing the stages of a child's development, focusing on the parts of the body that provide pleasure during different phases of growth.