Which of the following are based on accounting estimates?

• Mark any and all that apply.
• Mark options where estimation is involved in the accounting.
• Do not mark options where estimates may be important for deciding whether to buy/sell and at what price a transaction occurs, but are otherwise irrelevant in the accounting for the transaction/event.

Select one or more:

Recognize interest on a par bond

Decide how much of the purchase price in an acquisition to allocate between goodwill and other intangible assets

Record an allowance for bad debt

Recognize depreciation expense

Accrue wages payable based on hours worked

Record the collection of accounts receivable