Multiple Choice
An accounting estimate is _______.
A) an exact monetary amount when a precise means of measurement is available
B) an approximation of a monetary amount when a precise means of measurement is not available
C) prohibited by GAAP and should be questioned by the auditor
D) a figure that should be left to the external auditor to determine at the end of the year
Correct Answer:

Verified
Correct Answer:
Verified
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