Areas that require accounting estimates include all of the following except
A)executive compensation.
B)residual value of assets.
C)amortization periods.
D)environmental cleanup costs.

Question

Quizplus · Accepted Answer

Executive compensation is not an estimate but a known expense that can be accurately recorded. The other options, residual value of assets, amortization periods, and environmental cleanup costs, all require estimates to be made in order to determine their financial impact.

Areas That Require Accounting Estimates Include All of the Following