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Ambassador Program. International Financial Reporting Standards. Finally, notes Bushee, if a company had to record goodwill, it would try to expense as much of it as possible in the first year to reduce the future drag on earnings. Principle of Permanence of Methods: Accounting methods should remain consistent for easier comparison between periods. As an example of an underestimated expense, Bushee points to a company that is required to record a charge for expected future warranty costs at the time it sells a covered product, even though the cash to satisfy the warranty will not be paid until a subsequent period.

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