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19-12-2022
Business

Answered

Which of the following is an example of an aggressive accounting practice in relation to the reporting of net income?
-Judging a contingent loss to be reasonably likely instead of probable.
-Assuming net realizable value of inventory remains above cost despite lack of sales of current inventory.
-Estimating the useful life of a depreciable asset to be 10 years instead of 6 years.
-All of the other answers are examples of aggressive accounting.

Answer :

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