Which of the following is an example of managing earnings down?
a. Changing estimated bad debts from 3 percent to 2.5 percent of sales.
b. Revising the estimated life of equipment from 10 years to 8 years.
c. Not writing off obsolete inventory.
d. Reducing research and development expenditures.
Answer: b. Revising the estimated life of equipment from 10 years to 8 years.
Business
You might also like to view...
________________ - banks, insurance companies, investment companies, employee benefit plans, issuer's executive officers and directors, and persons whose income or net worth exceeds a certain threshold.
Fill in the blank(s) with the appropriate word(s).
Business
Which word below is in a typeface with serifs?
a. example b. example c. both of the above d. none of the above
Business