Business, 31.03.2020 00:07, juliayaccarinoo
Finer Foods, Inc., a chain of supermarkets specializing in gourmet food, has been using the average cost method to measure its inventory. During the current year, the company changed to the first-in, first-out method of inventory measurement. The president of the company reasoned that this change was appropriate because it would more closely match the flow of physical goods. This change should be reported on the financial statement as a
A. Change in an accounting principle.
B. Correction of an error.
C. Change in an accounting estimate.
D. Cumulative-effect type accounting change.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 07:00, glizbethh00
What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?
Answers: 1
Business, 22.06.2019 07:30, QueenNerdy889
1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war? 1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war?
Answers: 1
Business, 22.06.2019 16:30, natalie2sheffield
En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?
Answers: 3
Do you know the correct answer?
Finer Foods, Inc., a chain of supermarkets specializing in gourmet food, has been using the average...
Questions in other subjects:
Geography, 04.11.2020 06:10
History, 04.11.2020 06:10
English, 04.11.2020 06:10
Biology, 04.11.2020 06:10
