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Dwight's Trophy Shop is considering the following accounting changes: Required: Classify each accounting change as elther conservative or aggressive. a. I increase the allowance for
Dwight's Trophy Shop is considering the following accounting changes: Required: Classify each accounting change as elther conservative or aggressive. a. I increase the allowance for uncollectible accounts b. When costs are going up, change from LIFO to FIFO. Change from the straight-line method of depreciation to declining-balance in the second year of equipment with a 10-year life d. Record a smaller expense for warranties
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