Question
Should a company be allowed to use the LIFO method one year and then the FIFO method the next year ....in other words to switch
Should a company be allowed to use the LIFO method one year and then the FIFO method the next year ....in other words to switch upwhen its convenient to them ........why or why not?
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Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
8th edition
978-1118953907, 9781118953808, 1118953908, 1118953800, 978-1119491057
