Financial Accounting
Financial Accounting
3rd Edition
ISBN: 9780078025549
Author: J. David Spiceland, Wayne M Thomas, Don Herrmann
Publisher: McGraw-Hill Education
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Chapter 12, Problem 12.14BE

Classify each of the following accounting practices as conservative or aggressive.

 1.    Increase the allowance for uncollectible accounts.

 2.    When costs are rising, change from LIFO to FIFO.

  3.    Change from declining-balance to straight-line depreciation in the second year of an asset depreciated over 20 years.

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Financial Accounting

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