If a Company Changes Its Inventory Valuation Method the Effect

question 92

True/False

If a company changes its inventory valuation method the effect of the change on net income should be disclosed in the financial statements.

---

Definitions:

mRNA

Messenger RNA, a form of RNA that carries genetic information from the DNA to the ribosome, where it can be translated into a protein.

Nucleotides

Organic molecules that serve as the building blocks of nucleic acids like DNA and RNA.

Introns

Non-coding sections of an RNA transcript, or the DNA encoding it, that are spliced out before the mRNA molecule is translated into protein.

Pre-mRNA

is the initial form of mRNA produced by transcription in eukaryotic cells before undergoing modification to become mature mRNA.