A Change in an Accounting Estimate Is

question 142

Multiple Choice

A change in an accounting estimate is:

• A)Reflected in past financial statements
• B)Reflected in future financial statements and also requires modification of past statements
• C)A change in a calculated amount that is part of financial statements that results from new information or subsequent developments and from better insight or improved judgment
• D)Not allowed under current accounting rules
• E)Considered an error in the financial statements

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Definitions:

Operational Sex Ratio

The ratio of sexually active males to receptive females in a population at any given time, affecting mating behavior and strategy.

Two-Fold Cost of Sex

A hypothesis in evolutionary biology that suggests sexual reproduction is twice as costly as asexual reproduction, since only females contribute to the gene pool of the offspring.

Sexual Lineages

The genetic line of descent traced through mating and reproduction, typically examined through the analysis of patterns in genetic variation.

Asexual Lineages

Populations or species that reproduce without the genetic recombination processes involved in sexual reproduction.