1) Should a company be allowed to continuously change accountingprinciples every year....for example FIFO in 2020, LIFO in 2021,Weighted average in 2022 and FIFO in 2023?

2) What is a correction of error and how should it bereported in the financial statements?

3) How does a correction of an error treated?

4) Can you name a company that disposed of a component ofthe business and describe how the disposal was treated in itsincome statement?

5) :What is meant by taxallocation within a period and whatis the justification for this?

6) Company A decided to close two small pulp mills .These two closings do not represent a major shift in strategy forthe company. Would these two closings be reported in a separatesection titled "Discontinued Operations after income fromcontinuing operations? Please discuss .Also if the closingsare not reported as discontinued operations , where shouldthe gain or loss be reflected on the income statement.