Quiz Ch 06 – Accounting Principle Violated by Frequent Inventory Method Changes

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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Which accounting principle is violated when a company switches from LIFO to FIFO to average-cost in consecutive years?

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  • Search Terms: a and average-cost. company conservatism consistency cost disclosure fifo historical in is lifo of one principle b) principle. principle. c) principle. d) switches the: a) then this to uses violation year,
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