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Which of these inventory changes would be accounted for prospectively? a.FIFO to LIFO, but not LIFO to FIFO b.LIFO to FIFO, but not FIFO to

Which of these inventory changes would be accounted for prospectively?

a.FIFO to LIFO, but not LIFO to FIFO

b.LIFO to FIFO, but not FIFO to LIFO

c.Both FIFO to LIFO and LIFO to FIFO

d.Neither FIFO to LIFO nor LIFO to FIFO

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Question

Which of these inventory changes would be accounted for prospectively? a.FIFO to LIFO, but not LIFO to FIFO b.LIFO to FIFO, but not FIFO to

Which of these inventory changes would be accounted for prospectively? a.FIFO to LIFO, but not LIFO to FIFO b.LIFO to FIFO, but not FIFO to LIFO c.Both FIFO to LIFO and LIFO to FIFO d.Neither FIFO to LIFO nor LIFO to FIFO

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Which of these inventory changes would be accounted for prospectively?

a.FIFO to LIFO, but not LIFO to FIFO

b.LIFO to FIFO, but not FIFO to LIFO

c.Both FIFO to LIFO and LIFO to FIFO

d.Neither FIFO to LIFO nor LIFO to FIFO