The Consistency Principle Allows Companies to Use Different Inventory Valuation

question 86

True/False

The consistency principle allows companies to use different inventory valuation methods period to period as long as the changes are fully disclosed.

---

Definitions:

Seizure

A sudden, uncontrolled electrical disturbance in the brain, capable of causing changes in behavior, movements, feelings, and levels of consciousness.

Vision Loss

The partial or complete loss of sight, which can result from various conditions, injuries, or diseases affecting the eyes or brain.

Metastatic Tumors

Tumors that have spread from their original site to other parts of the body, often complicating treatment and prognosis.

Gliomas

A type of tumor that occurs in the brain and spinal cord, arising from glial cells that support nerve cells.