Question: Types of Accounting Changes. Give a specific example, and briefly describe how a company should account for each of the following types of accounting changes:

  1. Types of Accounting Changes. Give a specific example, and briefly describe how a company should account for each of the following types of accounting changes:
  1. A change in estimate
  2. A change in accounting principle
  3. A change in the reporting entity
  4. The correction of an error

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