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Question #6 Sales are $2.6 million in 2014, $2.7 million in 2015, and $2.5 million in 2016. What is the percentage change from 2014 to

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Question #6 Sales are $2.6 million in 2014, $2.7 million in 2015, and $2.5 million in 2016. What is the percentage change from 2014 to 2015? What is the percentage change from 2015 to 2016? Be sure to show your calculation and indicate whether the percentage change is an increase or a decrease. Question #7 lfsales are $1,150,000 in 2016and this represents a 15% increase over sales in 2015, what were sales in 2015? (show your calculation) Question #8 Classify each of the following accepted accounting practices as conservative or aggressive. 1. Use lower-of-cost-or-market to value inventory 2. Increase the allowance for uncollectible accounts. 3. Record loss contingencies when are probable and can be reasonably estimated, but do not record contingencies until they are certain. 4. A change from the double-declining balance to the straight-line method of depreciation in the second year of an asset depreciated over 20 year

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