Accounting estimates include which of the following?
A)Trade payable balances.
B)Cash balances.
C)Capital assets at cost.
D)Imputed interest rates on receivables and payables.

Question

Quizplus · Accepted Answer

Accounting estimates can include imputed interest rates on receivables and payables, which are calculated in order to reflect the time value of money. The other options are not considered accounting estimates, as they are straightforward financial data points.

Accounting Estimates Include Which of the Following