Which Statement Concerning Inventory Is Not True

question 39

Multiple Choice

Which statement concerning inventory is not true?

• A) Consistency is an important consideration when alternative accounting methods exist.
• B) Once an inventory costing method is selected management should not deliberately switch to another to manipulate profits.
• C) Accounting data produced in different accounting periods is not comparable if arbitrary changes in accounting methods are permitted.
• D) Consistency rules out ever switching to an alternative accounting method.