If a Company Changes the Method It Uses to Compute

question 6

Multiple Choice

If a company changes the method it uses to compute the allowance for uncollectible accounts receivable because more recent information has become available,how is this change in method accounted for?

• A)The change is only reported in the current period in which the change is made
• B)The change is reported in all future periods affected by the change
• C)Previously issued financial statements are not adjusted by the change
• D)All of the other answers are correct ways to account for the change

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