Which of the Following Is NOT an Example of Applying

question 144

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 as they are incurred.
• C)Using the lower of cost and net realizable value for inventory accounting.
• D)Increasing the useful life used in calculating depreciation.

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Definitions:

Collection Class

A framework in Java that provides an architecture to store and manipulate a group of objects.

Random Access

The ability to access data at any position in a sequence in constant time, without needing to read through preceding data.

LinkedList< T >

A collection data structure that consists of nodes where each node contains a data element of type T and a reference to the next node in the sequence.

Iterator Interface

An interface in Java that provides methods for iterating over any collection of objects, one element at a time.