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:

Oculomotor

Relating to the eye's movements or the muscles and nerves controlling them, especially associated with the third cranial nerve.

Innervated

Supplied or stimulated by a nerve, or having nerves that provide sensation or movement.

Astigmatism

A common vision condition caused by an irregular curvature of the cornea or lens, leading to blurred or distorted vision at any distance.

Curvature

The state of being curved or bent, often describing the shape or contour of something, such as a line, path, or anatomical structure.