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.

---

Definitions:

Rebellious Adolescents

Teenagers who deliberately oppose or defy authority, rules, and societal norms as part of their developmental process.

Continuity And Stages

The debate in developmental psychology over whether development occurs smoothly over time (continuity) or through a series of distinct stages.

Cognitive Development

The process by which individuals perceive, think, and gain understanding of their world through the interaction and influence of genetic and learned factors.

Gradual Changes

Slow and incremental alterations or advancements over a period of time, often leading to significant cumulative effects.