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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
The principle of consistency states that:
A) a company should switch from LIFO to FIFO every other period.
B) a company cannot change from one inventory valuation method to another.
C) by using the same method, the financial statements are more meaningful.
D) changes in accounting methods should occur from one fiscal period to the next.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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majestico Author
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#2
6 years ago
This is excellent. Excellent answer
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