Several Items Related to Accounting Changes Appear Below $2 \%$ To $3 \%$

question 104

Essay

Several items related to accounting changes appear below. g. Increase in bad debt estimate from $2 \%$ to $3 \%$ of sales._______ $\quad$ _________
h. Change from LIFO to FIFO._______ $\quad$ _________
i. Change from individual statements to consolidated statements._______ $\quad$ _________
j. Change from percentage-of-sales to percentage-ofreceivables method of bad debt estimation._______ $\quad$ _________
k. Change from full costing to successful efforts._______ $\quad$ _________ Required:
Indicate the appropriate method of accounting for each case by placing an "X" in the appropriate column. Part a)
has been completed as an example.

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Definitions:

Heuristic

A heuristic is a problem-solving strategy or technique that employs a practical, non-guaranteed method or shortcut to produce solutions that are not guaranteed to be optimal but are sufficient for the circumstances.

Chess Masters

Highly skilled and experienced chess players who have achieved a high level of mastery and recognition in the game of chess.

Future Moves

Anticipated or planned actions and decisions for upcoming times, often considered in strategic thinking and planning.

Brief Exposure

A short duration encounter with a stimulus, often used in studies to measure initial reactions or unconscious processing.