In each accounting period,a manager can select the inventory costing method that yields the most positive net income.

Question

Quizplus · Accepted Answer

Selecting an inventory costing method solely based on maximizing net income is not ethical, as it violates the principle of providing accurate and reliable financial information. The chosen method should reflect the true economic substance of the company's inventory and be consistently applied across accounting periods.

In Each Accounting Period,a Manager Can Select the Inventory Costing