2. If management reports truthfully, what economic events are likely to prompt the following accounting...
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Finance
2. If management reports truthfully, what economic events are likely to prompt the following accounting changes? (You are encouraged to use example to explain) Increase in the estimated life of depreciable assets. (5 marks) Decrease in the allowance for doubtful accounts as a percentage of gross trade receivables. (5 marks) Recognition of revenues at the point of delivery, rather than at the point cash is received. (5 marks) Capitalization of a higher proportion of development expenditures
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