Evaluate Each of the Following Independent Situations to Determine the Type

question 51

Essay

Evaluate each of the following independent situations to determine the type of accounting change (correction of error,change in accounting policy,or change in estimate)and the appropriate accounting treatment (retrospective or prospective).
$\begin{array}{c}\begin{array}{|c}\hline \\\\\hline\text {A}\\\\\\\\\\\\\hline\text {B}\\\\\\\\\\\hline\text {C}\\\\\hline\text {D}\\\\\\\hline\end{array}\begin{array}{|c|}\hline \\\text {Situation}\\\hline \text {A new consumer protection law comes into}\\ \text { effect, giving buyers of electronic products a}\\ \text { guarantee against defects for 180 days after}\\ \text { purchase and the ability to return defective}\\ \text {products to the retailer. The retailer has never}\\ \text { accrued for product guarantees.}\\\hline \text {The audit firm recommends that management}\\ \text { report inventories at the lower of cost and net}\\ \text { realizable value, whereas the company has}\\ \text { previously only tracked and reported inventory}\\ \text { figures at cost.}\\\hline \text {A retailer increases bad debts expense from}\\ \text { \( 2.5 \% \) to \( 3 \% \) of credit sales.}\\\hline \text {A fashion designer decides to eet up an}\\ \text { allowance for doubtful accounts at \( 3 \% \) of}\\ \text {amounts over 90 days.}\\\hline\end{array}\begin{array}{l|}\hline\text {Type of}\\\text { Change}\\\hline\\\\\\\\\\\\\hline \\\\\\\\\\\hline \\\\\hline \\ \\\\\hline\end{array}\begin{array}{l|}\hline\text {Treat}\\\text { -ment}\\\hline\\\\\\\\\\\\\hline \\\\\\\\\\\hline \\\\\hline \\ \\\\\hline\end{array}\begin{array}{l|}\hline\text {Explana }\\\text { -tion}\\\hline\\\\\\\\\\\\\hline \\\\\\\\\\\hline \\\\\hline \\ \\\\\hline\end{array}\end{array}$

Identify gender-specific concerns and challenges in seeking addictions counseling.

Recognize differences in addiction patterns between men and women.

Explore components of gender-sensitive addictions counseling.

Analyze psychiatric comorbidities associated with addiction in men and women.

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Definitions:

Foreign Aid

Financial or material assistance provided by one country to another, often aimed at supporting economic development, health initiatives, or disaster relief.

Bilateral Aid

A form of financial assistance provided by one country directly to another to support development and welfare projects.

Multilateral Aid

Financial assistance provided by multiple countries or international institutions to support economic development in developing countries.

Convergence Theory

The hypothesis that poorer economies will tend to grow at faster rates than wealthier economies, leading to a convergence of income levels over time.