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 are adjusted.

Question

Quizplus · Accepted Answer

When the retrospective approach is used for a change to the FIFO method, all of the answer choices are usually adjusted.

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