Classify each of the following accounting practices as conservative or aggressive. 1. Increase the allowance for uncollectible

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Classify each of the following accounting practices as conservative or aggressive.
1. Increase the allowance for uncollectible accounts.
2. When costs are rising, change from LIFO to FIFO.
3. Change from declining-balance to straight-line depreciation in the second year of an asset depreciated over 20 years.
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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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