Most Accounting Policy Choices Affect Both the Income Statement and the Balance

question 4

Multiple Choice

Most accounting policy choices affect both the income statement and the balance sheet.Select the income statement account(s) that would be affected by a policy choice at the same time as the goodwill balance sheet account.

• A) revenue,bad debts expense
• B) cost of goods sold expense
• C) amortisation expense
• D) various expense accounts.

---

Definitions:

Goal Conflict

A situation that arises when achieving one goal directly interferes with the ability to achieve another.

Affective Conflict

A type of conflict in which the disagreement arises from personal issues, emotions, and communication styles rather than task or work-related issues.

Judicial Disciplinary Hearings

Formal proceedings conducted to assess and potentially penalize misconduct or violations by judges or lawyers.

Federal Judge

A judge appointed by the President and confirmed by the Senate, serving in a federal court with jurisdiction over cases that involve federal laws, the Constitution, or disputes between states or with foreign governments.