Changing depreciation methods or inventory methods will be classified on the income statement as a(n) O
A. other income or other expense.
o
B. extraordinary item.
o
C. cumulative effect of a change in accounting principle.
O
D. adjustment to beginning retained earnings.

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.