Explain each selection. Give the reason for why is the answer right or wrong.

Question 14 0 out of 6 points Which of the following would be an example of aggressive accounting? Selected Answer Answers: d. Using LIFO instead of FIFO when inventory costs are increasing 3 a. Using double-declining deprecation instead of straight-line deprecation b. Estimating bad debts to be 10% of accounts receivable instead of 15% c. Estimating that a contingent liability is probable instead of reasonably likely d. Using LIFO instead of FIFO when inventory costs are increasing e. Estimating warranty obligations to be 5% of products sold instead of 3%