If a company is seeking out views of different accounting firms until they find one with a desired accounting treatment, it would be called _____.
A) Low-balling
B) Under bidding
C) Opinion shopping
D) Option pricing

Question

Quizplus · Accepted Answer

When a company seeks out views of different accounting firms until they find one with a desired accounting treatment, it is known as "opinion shopping." This practice can be considered unethical as it may lead to biased or inaccurate financial reporting. Low-balling refers to underestimating the cost of a service to secure a contract, while under bidding is submitting a lower bid than competitors to win a contract. Option pricing is a method used to value options contracts.

If a Company Is Seeking Out Views of Different Accounting