A Company Can Change Its Inventory Costing Method Without Mentioning

question 107

True/False

A company can change its inventory costing method without mentioning this change in its financial statements because it is an internal management decision.

---

Definitions:

Shoes

Footwear items designed to protect and comfort the human foot while the wearer is doing various activities.

Exchange Rate

The conversion rate from one currency to another.

Imports

Merchandise or services entering a nation from a foreign country, intended for sale or application.

Exports

Exports refer to goods or services sent from one country to another for sale or trade, contributing to a nation's gross domestic product.