On December 31 of year 10, Company change the inventory valuation method from a weighted average method to FIFO for financial statement purposes the change will result in an $800,000 decrease in beginning January inventory the tax rate is 30%. The cumulative effect of this counting change for the year ended December 31 of year 10,in the statement of retained earnings is

On December 31, year 10, Brown Company ch $800,000 decrease in the beginning inventory The cumulative effect of this accounting chang OA. $560,000 O B. $240,000 O C. $800,000 Click to select your