menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 15: Accounting for Merchandise Inventory
  5. Question
    If a Change Is Made in the Inventory Valuation Method
Solved

If a Change Is Made in the Inventory Valuation Method

Question 75

Question 75

True/False

If a change is made in the inventory valuation method, no disclosure is necessary.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q70: Which of the following accounts is used

Q71: Inlet Inc. has a normal gross profit

Q72: Which is NOT a good reason to

Q73: When ending inventory is understated:<br>A) cost of

Q74: An inventory ledger is not used to

Q76: The gross profit method:<br>A) determines the value

Q77: A method that uses average gross profit

Q78: The _ is the one who consigns

Q79: Sales Returns & Allowances is recorded on

Q80: Prescott Plates uses a periodic inventory system.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines