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There are various types of accounting changes, each of which is required to be reported differently.
Required:
1. What type of accounting change is a change from the sum-of-the-years'-digits method of depreciation to the straight-line method for previously recorded assets? Under what circumstances does this type of accounting change occur?
2. What type of accounting change is a change in the expected service life of an asset arising because of more experience with the asset? Under what circumstances does this type of accounting change occur?
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Determine the total flexible budget materials variance for pigment. Indicate whether the variance is favorable or unfavorable. Determine the materials price variance and indicate whether the variance is favorable (F) or unfavorable (U).
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one company purchases all of the outstanding shares of another company. the acquiring company incurs the following
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