Question
For the following items the issue is whether or not this is a consistency exception. In the answer section explain why the situation is or
For the following items the issue is whether or not this is a consistency exception. In the answer section explain why the situation is or is not a consistency exception.
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A change from prime costing to full absorption costing for inventory valuation.
Issue:
Answer:
Effect on Report:
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A change from presentation of statements of individual companies to presentation of consolidated statements.
Issue:
Answer:
Effect on Report:
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A change to including the employer share of FICA taxes as retirement benefits on the income statement from including it with other taxes.
Issue:
Answer:
Effect on Report:
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