Which of the Following Is Not a Topic That Is

question 23

Multiple Choice

Which of the following is not a topic that is likely to be discussed as a significant accounting policy?

• A)Depreciation method.
• B)Earnings per share of common stock calculation details.
• C)Inventory valuation method.
• D)Method of estimating uncollectible accounts receivable.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used for preparing financial statements.

Statement of Financial Position

Another term for a balance sheet, detailing a company's assets, liabilities, and equity at a specific point in time.

Recognizing Revenue

The process of recording revenue in the accounting records once it is earned and realizable, in accordance with relevant accounting standards.