***For each of the situations described below, provide the information indicated below assuming it is December 2017. Complete your discussion of each situation before going on to the next situation. These are not related and should be looked at separately.** Sorry was missing this

1. Type of accounting change.

2. Manner of reporting the change under current generally accepted accounting principles including

a discussion, where applicable, of how amounts are computed.

3. Effect of the change on the balance sheet and income statement.

4. Footnote disclosures that would be necessary.

Case 2 -Mike's accountant recorded $240,000, received on November 30th of 2016, as revenue. It represented an advance payment for a 2 year service contract starting December 1st of 2016.