Question
You are the CPA for a large firm which is having a rough year and may not make analysts' forecasts. The firm is considering changing
You are the CPA for a large firm which is having a rough year and may not make analysts' forecasts. The firm is considering changing from LIFO to FIFO as that will increase income and may put them at the point of making the analysts' forecasts. Do you think that they should make the change? Why or why not?
Provide specific details to support your opinion in your response.
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
