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Explain how would accounting changes impact balance sheet

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Problem 1: For each of the following change in accounting policies, explain what economic events are likely to prompt the changes. How would the accounting changes impact Balance Sheet and Income Statement items such as assets, liabilities, revenue and expenses?

(1) Increase in provision for warranty claims as a percentage of total assets

(2) Capitalization of lower proportion

(3) Increase in doubtful debts as a percentage of gross receivable

Reference no: EM132735274

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