If a change is made in the inventory valuation method,full disclosure should be indicated.

Name: If a change is made in the inventory valuation method,full disclosure should be indicated.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Full disclosure is necessary to ensure transparency and to avoid misleading financial information. Any change in inventory valuation method can impact the financial statements and hence, must be disclosed to the investors and other stakeholders.

If a Change Is Made in the Inventory Valuation Method,full