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Which of the following statements regarding changing inventory methods is true? A change in inventory methods can be justified if the change is made to
Which of the following statements regarding changing inventory methods is true?
| A change in inventory methods can be justified if the change is made to better match profits with revenue. |
| Changing inventory methods affects consistency. |
| One place that the reader of an annual report would be able to identify that a company changed inventory methods is the statement of stockholders' equity. |
| Tax advantages are valid justification for changing inventory methods. |
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