Question
A company has substantially increased its net income in 2017 while keeping its unit inventory relatively the same. Since the company changed its method of
A company has substantially increased its net income in 2017 while keeping its unit inventory relatively the same. Since the company changed its method of inventory valuation, there is a consistency problem and it is difficult to determine whether the company is better off. What is the problem and why?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
