Classify accounting change as conservative or aggressive

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Reference no: EM131522418

Question: Dwight's Trophy Shop is considering the following accounting changes:

a. Increase the allowance for uncollectible accounts.

b. When costs are going up, change from LIFO to FIFO.

c. Change from the straight-line method of depreciation to declining-balance in the second year of equipment with a 10-year life.

d. Record a smaller expense for warranties.

Required: Classify each accounting change as either conservative or aggressive.

Reference no: EM131522418

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