Which of the Following Would Be Treated as a Prior

question 53

Multiple Choice

Which of the following would be treated as a prior period adjustment by Gold Corporation in 2018?

• A)In 2018,it was discovered that Gold Corporation recorded the purchase of a warehouse in 2015 as a debit to Repairs Expense.
• B)In 2018,Gold Corporation switched from the straight-line method of depreciation to another method of computing depreciation.
• C)In 2018,Gold Corporation's management decided that the estimated useful life of its computer equipment should be changed from five years to nine years.
• D)In 2018,Gold Corporation sold a segment of the business that it has operated since 2009.

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Definitions:

Hypertension

A medical condition characterized by persistently high blood pressure, which can lead to serious health issues such as heart disease and stroke.

Immune System

The body's defense mechanism made up of organs, tissues, cells, and proteins that work together to fight off pathogens, such as bacteria, viruses, and foreign bodies.

Job Strain

A work-related condition characterized by high demands and low control, leading to stress and potential health problems.

Health

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.