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On December 31, 2019 Dean Company changed to method of accounting for inventory from the average cost method to the FIFO method. This change
On December 31, 2019 Dean Company changed to method of accounting for inventory from the average cost method to the FIFO method. This change caused the 2019 being try to increase by $24000. The cumulative effect of this accounting change to be reported for the year ended 12/31/19, assuming a 35% tax rate,
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
