Selection of an inventory costing method by management does not usually depend on
A) the fiscal year end.
B) income statement effects.
C) balance sheet effects.
D) tax effects.

Question

Quizplus · Accepted Answer

The selection of an inventory costing method typically depends on factors such as income statement effects, balance sheet effects, and tax effects, rather than the fiscal year end.

Selection of an Inventory Costing Method by Management Does Not