All of These Are Ways in Which Accountants May Be

question 27

Multiple Choice

All of these are ways in which accountants may be 'creative' in the preparation and presentation of financial reports except:

• A) by timing transactions within the limits of generally accepted accounting practice
• B) by changing an accounting policy to achieve a desired outcome
• C) by making estimates in a way biased towards achieving a desired outcome
• D) none of the above, i.e., all are ways in which accountants may be 'creative'

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Definitions:

Epigenetic Inheritance

Inheritance that involves changes in how a gene is expressed without any change in that gene’s nucleotide sequence.

Chromosome 15

A specific chromosome in humans that carries genetic information, including genes associated with various disorders and physical traits.

Repressible Genes

Genes that can be turned off by the products of other genes in response to certain conditions.

TATA Box

A component of a eukaryotic promoter region; consists of a sequence of bases located about 30 base pairs upstream from the transcription initiation site.