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For Green Ltd, determine whether each of the following is an accounting policy or an accounting estimate. For each case, explain the accounting and disclosure
For Green Ltd, determine whether each of the following is an accounting policy or an accounting estimate. For each case, explain the accounting and disclosure requirements if changes are to be made to the current practice. a. The company determines that it will charge all the advertisement expenditures against profit and loss as incurred. b. The current year's warranty provision is calculated by providing for 1% of current year sales
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