Solution-What is not the example of a change in estimate

What is not the example of a change in estimate

Reference no: EM132811407

Problem 1: What is not the example of a change in estimate?

a) change in the amount of trade receivables
b) revisions of estimated lives
c) changes in estimates of warranty costs
d) change in estimate of deferred charges or credits.

Problem 2: How the following items are recorded in the accounting records in Impairment of goodwill?

a) Change in accounting estimate-currently and prospectively.
b) Change in estimate-account for currently and prospectively
c) Charge to expense-possibly separately disclosed.
d) Correction of an error and reported as a prior period adjustment-adjust the beginning balance of retained earnings.

Reference no: EM132811407

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What is not the example of a change in estimate

Reference no: EM132811407

Reference no: EM132811407

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