Question: Refer to the FASB Codification and find the definitions for changes in estimate and changes in accounting principle. How might a company's change in accounting

Refer to the FASB Codification and find the definitions for changes in estimate and changes in accounting principle. How might a company's change in accounting estimate impact horizontal and vertical analysis results? How would a change in accounting principle influence the calculated ratio results? Finally, consider how a company can skew the ratio results with changes in accounting estimates. Summarize two or three ratios that could be manipulated by management with the use of estimates.

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