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AASB 108 requires that changes to accounting estimates be dealt with prospectively.This means that the effect of a past overestimate of doubtful debts expense is:
Total Revenue
The total amount of money received by a company for goods or services sold, before any expenses are subtracted.
Marginal Cost
The additional cost incurred from the production of one additional unit of a good or service.
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a good or service.
Marginal Cost
The additional cost incurred from producing one more unit of a good or service.
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