An Increase in Reported Net Profit in the Short Term

question 5

Multiple Choice

An increase in reported net profit in the short term will occur from:

• A) overestimating the useful life of a non-current asset
• B) writing off supplies that are still on hand as an expense
• C) underestimating the residual value of a depreciable asset
• D) choosing the reducing balance rather than the straight-line method of depreciation

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Definitions:

Hybrid Inviability

A postzygotic barrier where hybrid offspring fail to survive to reproductive age.

Gestational Abortion

The termination of a pregnancy during the gestation period, often due to natural causes such as chromosomal abnormalities.

Hybrid Breakdown

A postzygotic barrier where offspring of cross-species or cross-strain matings have reduced survival rates or fertility.

Gametic Isolation

A form of prezygotic barrier where the gametes (egg and sperm) of two different species are unable to fuse or meet to form a viable zygote.