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.

Understand the significance of cultural competence in public administration.

Differentiate between the core tenets of new public service and traditional public administration models.

Understand the significance of valuing people over productivity in the context of the new public service.

Recognize the similarities and differences between public and nonprofit administrators and business owners/entrepreneurs.

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Definitions:

African-Americans

People in the United States who have ancestry from the black racial groups of Africa.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Culture

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people that are passed from one generation to another.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.