A Company Changes Its Inventory Costing Method Each Period in Order

question 171

True/False

A company changes its inventory costing method each period in order to maximize net income.This is a violation of the consistency principle.

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Definitions:

Passive Voice

A grammatical voice in which the subject of the sentence is acted upon by the verb.

Commas

Punctuation marks used to indicate a pause between parts of a sentence or to separate items in a list, enhancing clarity and readability.

Dangling Modifier

A word or phrase that modifies a word not clearly stated in the sentence, leading to confusion or misinterpretation.

Lack of Parallelism

A stylistic or grammatical flaw where elements in a sentence or list do not maintain a consistent structure or pattern.