Which of the Following Is NOT an Example of Applying

question 56

Multiple Choice

Which of the following is NOT an example of applying conservatism in accounting?

• A)Recording contingent losses that are probable.
• B)Expensing all research and development costs are they are incurred.
• C)Using the lower-of-cost-or-market rules for inventory accounting.
• D)Increasing the useful life used in calculating depreciation.

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Definitions:

Desire for Control

The motivation to influence or regulate one's environment or the outcomes of various aspects of one's life.

High Standard

The level of quality or excellence that is expected or required from a task or behavior.

Directive Management Style

A leadership approach characterized by clear, explicit instructions and close supervision of tasks and performance.

Unstructured Interviews

A qualitative research method involving open-ended, flexible conversations where the interviewer can adjust questions based on the respondent's answers.