Changing from the LIFO (Last-In,First-Out)to Specific-Identification Method of Valuing Inventory
Changing from the LIFO (Last-In,First-Out) to specific-identification method of valuing inventory ignores the:
A) principle of conservatism.
B) principle of consistency.
C) principle of disclosure.
D) concept of materiality.
Correct Answer:
Verified
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