Classify Each of the Following Accounting Practices as Conservative or Aggressive

question 66

Short Answer

Classify each of the following accounting practices as conservative or aggressive.
1. Choosing a shorter life for calculating depreciation.
2. The write-down of inventory.
3. Decrease the allowance for uncollectible accounts.
4. Recording revenues sooner.

---

Definitions:

Adolescence

The period of maturation involving both mental and physical changes, occurring from puberty to the age of legal responsibility.

Menarche

The commencement of menstruation in females, indicating the start of reproductive ability.

Authoritarian Parents

A parenting style characterized by high demands and low responsiveness, where parents set strict rules and expect obedience without question.

Authoritative Parents

Parents who combine warmth and empathy with clear and fair rules and expectations, fostering independence and high self-esteem in their children.