Question: If a company changes the method it uses to compute the allowance for uncollectible accounts receivable because more recent information has become available, how is

If a company changes the method it uses to compute the allowance for uncollectible accounts receivable because more recent information has become available, how is this change in method accounted for?

Multiple Choice

All of the other answers are correct ways to account for the change

The change is reported in all future periods affected by the change

Previously issued financial statements are not adjusted by the change

The change is only reported in the current period in which the change is made

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