Why do changes in accounting estimates arise? Give examples of a change in accounting estimate and indicate
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Changes in accounting estimates arise because a companys financial statement...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Question Posted:
Students also viewed these Accounting questions
-
In general, why do changes in chromosome structure or number tend to affect an individual's phenotype? Explain why some changes in chromosome structure, such as reciprocal translocations, do not.
-
Why do changes in most current asset and current liability accounts affect the operating activities of a rm?
-
Why do changes in consumer spending play a large role in the business cycle?
-
When will the gravitational force between you and the Sun be greater-today at noon, or tomorrow at midnight? Defend your answer.
-
1. Discuss Twitter's global impact since its inception. 2. Who are Twitter's biggest competitors? How does Twitter differ from other social media companies? 3. What marketing challenges does Twitter...
-
Clearly explain your forecasting methods, and why you chose that technique in your Excel spreadsheet. Analyze and explain your results, and tell why this could be very important to the manufacturer...
-
A 6061-T6 aluminum alloy solid circular rod of length \(4 \mathrm{~m}\) is pinned at both of its ends. If it is subjected to an axial load of \(15 \mathrm{kN}\) and F.S. \(=2\) against buckling,...
-
Birkenstock is considering an investment in a nylon-knitting machine. The machine requires an initial investment of $25,000, has a 5-year life, and has no residual value at the end of the 5 years....
-
Using Doubly Linked List, create a Java program that does the following: Create a menu that contains the following options: 1. Add new node to DLL 2. Delete a node from DLL 3. Show how many nodes in...
-
please assist in implementing the included functions. import utils import pilots import os.path # WEATHER FUNCTIONS def bad_visibility(visibility,minimum): """ Returns True if the visibility...
-
How are gains or losses that are either unusual or infrequent reported on a companys income statement?
-
Where is earnings per share disclosed in a companys financial statements? What components of earnings per share should be disclosed?
-
For the 6 8 - 17 centrifugal pump performance curve shown in Fig. 13.32, determine the capacity that can be expected from a pump with a 15-in impeller operating against a system head of 200 ft....
-
What three dimensional shapes are used for in proteomics?
-
One of the operating system's objectives is the ability to evolve. Using two different operating system types as an example, explain TWO (2) reasons from each type of operating system on how the...
-
How does the judicial system not operate objectively while evaluating the truth in court because of socioeconomic status, race, gender, and prejudices?
-
What is the primary objective of an operating system?
-
Given the following, what is disposable income? Annual Amount/Value per item Item Annual Amount/Value Gross employment income $105,000 Housing costs $20,000 Bank accounts $4,000 Car loan $18,500...
-
How do corporations analyze the societal environment? Is STEEP Analysis an appropriate tool?
-
Which one of the following anhydrous chloride is not obtained on direct heating of its hydrated chloride? (A) BaCl2 (B) CaClz (C) MgCl2 (D) SrCl2
-
What sort of educational background do today's project managers often have?
-
What are the major limitations of the balance sheet as a source of information?
-
What are the major limitations of the balance sheet as a source of information?
-
What are the major limitations of the balance sheet as a source of information?
-
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead...
-
You will complete two case studies over the course of the semester. These are to be completed individually. Each case study is found in the textbook and there are questions there to help guide your...
-
Thanasi has a business snowplowing. He uses a 2018 Ford Rapture with a snowplow outfitted to it. While plowing a driveway, he negligently ran it into the side of the neighbour's house. The damage to...
Study smarter with the SolutionInn App