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AICPA Exam CPA-Financial Topic 2 Question 75 Discussion

Actual exam question for AICPA's CPA-Financial exam
Question #: 75
Topic #: 2
[All CPA-Financial Questions]

Which of the following should be reported as a prior period adjustment?

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Suggested Answer: B

Choice 'b' is correct. Change in the computation of warranty costs from 3% of sales to 1% of sales is a change in accounting estimate.


by Rozella at Oct 04, 2023, 08:02 PM

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Clarinda
3 months ago
Hmm, let's see... I'm going to have to go with Option E: 'All of the above, and also the kitchen sink.' Because why not, right? Accounting is basically just a fancy form of juggling, if you ask me.
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Julieta
2 months ago
User 3: I'm not sure, but I think it might be Option C.
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Casie
2 months ago
User 2: I agree, Option A seems to be the most appropriate choice.
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Dannie
2 months ago
User 1: I think the correct answer is Option A.
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Felice
3 months ago
Seriously, who comes up with these questions? I feel like I'm back in my high school math class. Anyway, I'm going to have to go with Option C. It's the only one that doesn't sound like a complete disaster.
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Aimee
26 days ago
User4: Option C does seem like the safest bet.
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Melissa
27 days ago
User3: I'm leaning towards Option B, it seems like the most logical.
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Ivory
30 days ago
User2: I think Option A might be the correct choice.
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Alaine
1 months ago
User1: I agree, these questions are a bit tricky.
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Emogene
3 months ago
Ah, the joys of financial reporting. Let's see here... I'm thinking Option A. It just has that 'prior period' vibe, you know? Although, Option D could be a wild card. Maybe I'll just close my eyes and point.
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Denae
3 months ago
Ugh, another accounting question. Can't they just give us something fun, like 'which type of calculator is the most aesthetically pleasing?' Anyway, I'm going with Option B. It's the only one that doesn't sound like a total mess.
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Zona
3 months ago
Hmm, this one's tricky. I'm going to have to go with Option D - it just seems the most logical choice, you know? Although, Option C is tempting, I do love a good mystery!
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Virgina
2 months ago
User 2: I agree, Option D seems like the most logical option.
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Noelia
2 months ago
User 1: I think Option D is the correct choice.
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Alonso
3 months ago
Why do you think it's Option C?
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Layla
3 months ago
I disagree, I believe it should be Option C.
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Alonso
3 months ago
I think the answer is Option A.
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