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.

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Definitions:

Intraracial

Referring to interactions or issues occurring within the same racial group.

Firearms

Portable weapons such as guns, rifles, and pistols, capable of discharging bullets or projectiles using a propellant charge.

Homicide

is the act of killing another human being, whether lawfully or unlawfully.

Social Classes

Categories of people within society distinguished by relative levels of power, wealth, or status.