Which of the following accountants use a conservative reporting strategy?
A) Imogene reported a higher inventory than actual.
B) Malik understated the expense incurred during the year.
C) Lia capitalized the general maintenance expenses.
D) Yuriko used a higher depreciation rate for the assets.

Question

Quizplus · Accepted Answer

Yuriko's use of a higher depreciation rate for assets is a conservative reporting strategy because it results in lower net income and asset values, reflecting a more cautious approach to financial reporting.

Which of the Following Accountants Use a Conservative Reporting Strategy