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The overall damage estimate was about $880 million. In 1992 there was a constitutional change that abolished restrictions imposed on the Catholic Church in 1917.In December President Salinas, United States President Bush, and Prime Minister Mulroney of Canada signed the North American Free Trade Agreement, or better as NAFTA...
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The Mexican Legislature ratified it in 1993 and the treaty went into affect on January 1, 1994. This created the largest free trade zone in the world. By 1993, the Mexican Government had sold 80% of its industries to private investors for about $21 billion and had reduced inflation from 150%-10%.
The 1994 elections were damaged by tragedy...
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Provide an example of an accounting estimate and explain how a change in your estimate could occur. What action does IAS 8 require when such a change occurs?
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