Which of the following types of adjusting entries is most likely to involve human judgment?

Question

Quizplus · Accepted Answer

Adjusting entries for uncollectible receivables involve judgment calls on the part of the accountant, such as estimating the percentage of receivables that will ultimately be uncollectible. The other options (prepaid expenses, deferred revenues, and closing entries) are typically more straightforward and do not necessarily require as much judgment.

Which of the Following Types of Adjusting Entries Is Most