Several items related to accounting changes appear below.
Required:
Indicate the appropriate method of accounting for each case by placing an "X" in the appropriate column.Part (a)has been completed as an example.

Accounting Changes

Alterations or updates made to accounting methods, estimates, or reporting entity, which can impact the financial statements of a business.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including the balance sheet and income statement.