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  • 1.  CMA Pop Quiz- Q&A 212

    Posted 01-05-2018 02:15 PM

    CMA Pop Quiz: Are you preparing for the #CMA exam? Take our #CMAPopQuiz!

    A change in the estimate for bad debts should be:

    a. treated as an error.
    b. handled retroactively.
    c. considered as an extraordinary item.
    d. treated as effecting only the period of the change.



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    Christine Purelis
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  • 2.  RE: CMA Pop Quiz- Q&A 212

    Posted 01-05-2018 07:36 PM
    Option D





  • 3.  RE: CMA Pop Quiz- Q&A 212

    Posted 01-07-2018 12:35 PM
    CMA Pop Quiz: How did you do on our CMA Pop Quiz?

    Solution D:

    A change in estimate for bad debts should be treated as affecting only the period of the change. Changes in estimates are viewed as normal recurring corrections and retrospective treatment is prohibited.



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    Christine Purelis
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