1. Identify at least one researchable question for the following issue:

A companys auditor is questioning the appropriateness of the companys expected return on assets assumption, which is used in measuring its pension expense.

2. Identify at least one researchable question for the following issue:

For the following researchable question, identify two additional questions that might arise as the researcher digsdeeper into the research topic. Assume that a company believes a contingent loss is probable and reasonablyestimable. Its first research question was: Is the company required to record a contingent loss? What are twofurther questions that require consideration?

3. For the following sample scenario, identify the biases that could be at play, then explain.

During its adoption of the new accounts receivable credit losses standard (ASC 326-20), a company consideredwhether to revise its method for determining the allowance for credit losses. Ultimately, the company decided tocontinue using an aging schedule to estimate its allowance, as opposed to adopting a different method (such as adiscounted cash flow method, loss-rate method, roll-rate method, etc). The company rationalized that it shouldcontinue its current method unless there was a compelling reason in the guidance to change.

Biases at play:

1.

2.

Explain: