Explain whether each of the following transactions would be accounted for as a change in accounting policy,change in accounting estimate or as an error correction.Assume that the entity reports its financial results in accordance with ASPE and all transactions are material.
Definitions:
Health Consequences
The outcome or impacts on a person's physical well-being resulting from certain behaviors, lifestyle choices, or environmental exposures.
Automatic Processing
Cognitive operations that occur without conscious awareness or effort, often developed through extensive practice or familiarity.
Apprentice
A person who is learning a trade from a skilled employer, having agreed to work for a fixed period at low wages.
Strong
The quality or state of being physically powerful or having a high degree of muscle strength.
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