When the retrospective approach is used for a change to the FIFO method, which of the following accounts is usually not adjusted?
A) Deferred Income Taxes.
B) Inventory.
C) Retained Earnings.
D) All of these answer choices are usually adjusted.

Question

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The Answer of When the retrospective approach is used for a change to the FIFO method, which of the following accounts is usually not adjusted?
A) Deferred Income Taxes.
B) Inventory.
C) Retained Earnings.
D) All of these answer choices are usually adjusted.

When the Retrospective Approach Is Used for a Change to the FIFO