Which of the Following Is NOT Normally a Significant Accounting

question 24

Multiple Choice

Which of the following is NOT normally a significant accounting estimate involved in financial measurement?

• A) which product warranty claims will have to be paid
• B) what portion of credit sales will be uncollectable
• C) how many financial periods will benefit from research and development expenditure
• D) which period a fixed asset is depreciated over.

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Definitions:

Belligerent

Exhibiting aggressive or combative behavior.

Correction Fluid

A liquid used to cover errors in typed, written, or drawn documents, allowing for correction.

Data Entry Errors

Mistakes made during the process of inputting data into a computer system or database, which can lead to inaccurate information.

Chart

In healthcare, a record of a patient's medical history, treatment plans, and progress notes.