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Question 8 In its third year of use, AXA Company has changed accounting estimates of its machines. These changes in the accounting estimates O A
Question 8 In its third year of use, AXA Company has changed accounting estimates of its machines. These changes in the accounting estimates O A are reflected in past financial statements and current year statements O B. are reflected only in past financial statements. O care reflected in future financial statements and also need modification of past statements. D. are reflected in both current and future years' financial statements Question 9 Revenue expenditures: O A. Are known as balance sheet expenditures. O B. Are additional costs of plant assets that do not materially increase the asset's life or its productive capabilities O C. Extend the asset's useful life O D. Are debited to asset accounts Mina m another question will save this response
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