Which of the Following Is a Conservative Accounting Practice

question 63

Multiple Choice

Which of the following is a conservative accounting practice?

• A)Change from double-declining balance to straight-line depreciation.
• B)Record sales revenue before it is actually earned.
• C)Adjust the allowance for uncollectible accounts to a larger amount.
• D)Record inventory at market rather than lower of cost or market.

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Definitions:

Neuroplasticity

Describes the ability of the brain to change and adapt in response to experience, by forming new neural connections.

Acetylcholine

is a neurotransmitter involved in muscle activation, memory formation, and the transmission of nerve impulses in the nervous system.

Agonist

A chemical or drug that binds to receptors in the brain and causes a reaction typical of a naturally occurring substance.

Excitatory Neurotransmitter

A chemical substance that promotes the generation of an electrical signal in the receiving neuron.