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Buffalo Company started operations on January 1,2020 , and has used the FIFO method of inventory valuation since its inception in 2026, it decides to

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Buffalo Company started operations on January 1,2020 , and has used the FIFO method of inventory valuation since its inception in 2026, it decides to switch to the average-cost method, You are provided with the foltowing information. What is the beginning retained earnings balance at January 1,2025, if Buffalo prepares comparative financial statements starting in 2025? Retained earnings, January 1

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