The Change That Will Increase Reported Profit (Assuming Inflation)is

question 8

Multiple Choice

The change that will increase reported profit (assuming inflation) is:

• A)A switch from the LIFO to the FIFO method of inventory valuation
• B)A switch from the straight-line to the reducing balance method of depreciation - assuming new assets are being purchased
• C)Reducing the estimated life of depreciable assets
• D)All of the above will increase reported profit (assuming inflation)

---

Definitions:

Good-natured

Possessing a pleasant, friendly, and easygoing personality.

Secure

Relating to being free from danger or threat, often used in the context of data protection or emotional safety.

Intonation

The variation in pitch while speaking, which can affect the meaning of words and convey emotions or attitudes.

Inflection

Inflection in linguistics refers to the modification of a word to express different grammatical categories such as tense, mood, voice, aspect, person, number, gender, and case.