How should the following changes be treated, according to PAS 8? I. A change is to be made in the method of calculating the provision for uncollectible receivables.; II. Investment properties are now measured at fair value, having previously been measured at cost. Change (1) Change (2) * Change of accounting policy Change of accounting policy Change of accounting policy Change of accounting estimate Change of accounting estimate Change of accounting policy Change of -current cost accounting estimate Change of accounting estimate

How should the following changes be treated, according to PAS 8? I. A change is to be made in the method of calculating the provision for uncollectible receivables.; II. Investment properties are now measured at fair value, having previously been measured at cost. Change (1) Change (2) * Change of accounting policy Change of accounting policy Change of accounting policy Change of accounting estimate Change of accounting estimate Change of accounting policy Change of -current cost accounting estimate Change of accounting estimate

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

How should the following changes be
treated, according to PAS 8? I. A
change is to be made in the method
of calculating the provision for
uncollectible receivables.; II.
Investment properties are now
measured at fair value, having
previously been measured at cost.
Change (1) Change (2) *
Change of accounting policy Change of
accounting policy
Change of accounting policy Change of
accounting estimate
Change of accounting estimate Change of
accounting policy
Change of -current cost accounting
estimate Change of accounting estimate

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