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Aduta Fe Recent Author Question 4 (11 points) Question 4 (11 marks; 15 minutes) Required 1: Describe the three types of accounting change and which
Aduta Fe Recent Author Question 4 (11 points) Question 4 (11 marks; 15 minutes) Required 1: Describe the three types of accounting change and which accounting method should be applied with each. Provide one hypothetical example of each type of change (6 of 11 marks) Required 2: when can a company make an accounting policy change 12 of 11 marksy? Required 3: Harding Corporation realizes in 2021 that their 2020 financial statements reflected a warranty provision of $200,000 based on 100,000 products sold, where the expected warranty cost is $2 per unit. However, the cost per unit was applied in error and it should have been $2.50 per unit. The tax rate in current and prior years has been 20%. What is the correcting journal entry in 2021713 of 11 marks) Paragraph BIU A loli IIII + BE
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