Type of accounting change
Question: JAR recorded a liability in 2009 for probable litigation losses totaling $4 million. Ultimately, $5 million of claims were filed.What type of accounting change is this and how would it be treated?
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Ultimately, $5 million of claims were filed. What type of accounting change is this and how would it be treated?
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In a packing plant a machine packs cartons with jars. Supposedly a new machine will pack faster on the average than the machine currently used.
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