Help Which of the following would be an example of conservative accounting? Multiple Choice Estimating warranty costs to be 4% of sales instead of 9% of sales. Estimating the percentage of bad debts as 6% of accounts receivable instead of 10% of accounts receivable. Estimating that none of the inventory has a market value below cost rather than estimating that some inventory has a market value beiow cost. Assessing the probability of a contingent liability as probable. ( Prev 46 of 50 Next> Help Which of the following statements is not true? Multiple Choice We report any profits or losses on discontinued operations in the current year separately from profits and losses on the portion of the business that will continue. We report discontinued items separately, net of taxes, just before net income. The decision of whether to report a loss as part of continuing operations or discontinued operations depends on the preference of management. When using a company's current earnings to estimate future earnings performance. investors normally exclude discontinued operations In calculating the issue price of a bond, the portion associated with the periodic interest payments is calculated using which time value factor? Multiple Choice Future value of $1. Present value of $1. Future value of an ordinary annuity of $1. Present value of an ordinary annuity of $1. Next> ( Prev 17 of 50