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. The current ratio measures: Multiple Choice 0 The ability of a company to quickly sell its inventory to customers. 0 The amount of profits retained in the business. 0 The ability of a company to quickly collect cash from customers. 0 The ability of a company to pay its current obligations. What is the correct order to present the following items in the income statement? Multiple Choice o Other revenues and expenses, income tax expense, discontinued operations, net income. Other revenues and expenses, income tax expense, net income, discontinued operations. Discontinued operations, net income, other revenues and expenses, income tax expense. o o Discontinued operations, net income, income tax expense, other revenues and expenses