Which of the following is a conservative accounting practice? Multiple Choice The use of a longer service life for depreciation. Waiting to record a litigation loss. Recording a lower amount for bad debt expense. Taking an asset write-down early. Which of the following is an aggressive accounting practice? Multiple Choice Change from straight-line to double-declining balance depreciation. Record sales revenue before it is actually earned. Adjust the allowance for uncollectible accounts to a larger amount. Record inventory at the lower of cost and net realizable value. Brady's Inflation Needle Co. reports accounts receivable of $100,000 in 2020 and $250,000 in 2021. Using horizontal analysis, what would be the percentage increase or decrease in accounts receivable? Multiple Choice O 60% decrease 60% increase O O 150% decrease O 150% increase The current ratio measures: Multiple Choice The ability of a company to quickly sell its inventory to customers. The amount of profits retained in the business. The ability of a company to quickly collect cash from customers. The ability of a company to pay its current obligations