Which One of the Following Statements Regarding Changing Inventory Costing

question 18

Multiple Choice

Which one of the following statements regarding changing inventory costing methods is true?

• A) A change in inventory costing methods can be justified if the change is made after the completed financial period.
• B) Changing inventory costing methods violates consistency.
• C) One place that the reader of an annual report would be able to identify that a company changed inventory costing methods is the statement of stockholders' equity.
• D) Tax advantages are valid justification for changing inventory costing methods.

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