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On December 31, 2024, Sandhill Company changed its method of accounting for inventory from the average-cost method to the FIFO method. This change caused the
On December 31, 2024, Sandhill Company changed its method of accounting for inventory from the average-cost method to the FIFO method. This change caused the 2024 beginning inventory to increase by $940000. The cumulative effect of this accounting change to be reported for the year ended 12/31/24, assuming a 20% tax rate, is $188000.$940000.$752000. $0 Step by Step Solution
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Standards On Auditing For Ca Students
Authors: Anshul Mittal
1st Edition
8182964962, 978-8182964969
