On December 31, 2015 Dean Company Changed Its Method of Accounting

question 43

Multiple Choice

On December 31, 2015 Dean Company changed its method of accounting for inventory from weighted average cost method to the FIFO method. This change caused the 2015 beginning inventory to increase by $840,000. The cumulative effect of this accounting change to be reported for the year ended 12/31/15, assuming a 40% tax rate, is

• A) $840,000.
• B) $504,000.
• C) $336,000.
• D) $0.

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Definitions:

Risk for Infection

The increased likelihood of an individual to acquire or develop an infection due to various risk factors.

Protective Precautions

Measures taken to shield oneself or others from harm or injury, often in context with health, safety, or environmental hazards.

Routine Practices

Infection prevention and control measures applied to all healthcare settings to protect against and prevent the spread of infections.

Vaginal Drainage

The discharge or flow of fluid from the vagina, which could be normal or indicative of an infection or other health condition.