Which of the Following Is an Example of an Error

question 137

Multiple Choice

Which of the following is an example of an error that should be corrected?

• A)Switching from straight-line to the declining balance method of depreciation.
• B)Changing from weighted average to the first-in, first out method of inventory valuation.
• C)Using 5% for bad debts provision, but 1% is required in the company's procedures manual.
• D)Starting to capitalize fixed assets under $1,000 which were previously considered immaterial.

---

Definitions:

Person Perception

The process by which individuals form judgments and impressions of others.

General Process

A series of actions or steps taken in order to achieve a particular end, applicable across various contexts or fields.

Communication Competency

The ability to effectively convey information, understand others, and interpret messages in both verbal and non-verbal forms.

Hand Gestures

Physical movements of the hands used to convey messages or meanings without the use of spoken words, varying significantly across cultures.