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:

Homophobia

The dislike, fear, or prejudice against homosexual people, often manifesting in discriminatory behavior.

Global Perspective

A worldview that considers the interconnectedness and interdependence of all nations and peoples.

Violent Traditions

Practices or customs within a society that involve or endorse violence, often passed down through generations.

Sexual Exclusiveness

Sexual exclusiveness refers to the practice of having sexual relations with only one partner, typically in the context of a romantic or marital relationship.