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Discuss the Accounting Procedures for and Illustrate the Following:(a) Change

question 85

Essay

Discuss the accounting procedures for and illustrate the following:(a) Change in estimate(b) Change in reporting entity(c) Correction of an error


Definitions:

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Scientific Attitude

The approach of being open-minded, skeptical, and analytical about evidence and explanations, characteristics valued in scientific investigation.

Humble

characterizes a person who has a modest or low view of their own importance.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formulation, experimentation, and conclusion.

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