The amount of estimation uncertainty is affected by _______.
A)the nature of the accounting estimate
B)the subjectivity of the assumptions used to make the estimate
C)the extent to which a generally accepted method or model is available to aid in developing the estimate
D)All of these answer choices are correct.

Question

Quizplus · Accepted Answer

All of the answer choices are correct. The amount of estimation uncertainty is affected by the nature of the accounting estimate, the subjectivity of the assumptions used to make the estimate, and the extent to which a generally accepted method or model is available to aid in developing the estimate.

The Amount of Estimation Uncertainty Is Affected by _______