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How should the changes be treated

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Reference no: EM132745009

Problem 1: How should the following changes be treated?

  1. A change is to be made in the method of calculating the provision for uncollectible receivables.
  2. Investment properties are now measured at fair value, having previously been measured at cost.

Group of answer choices

A. (1) Change in accounting policy; (2)Change in accounting policy
B. (1) Change in accounting policy; (2)Change in accounting estimate
C. (1) Change in accounting estimate; (2) Change in accounting policy
D. (1) Change in accounting estimate; (2)Change in accounting estimate

Reference no: EM132745009

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