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  3. Study Set
    Introduction to Accounting
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    Exam 17: Company Performance: Profitability
  5. Question
    The Effect of a Switch from Average Costing to FIFO
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The Effect of a Switch from Average Costing to FIFO

Question 2

Question 2

Multiple Choice

The effect of a switch from Average Costing to FIFO would affect which section of the income statement:


A) Cost of Goods Sold
B) Net of Tax Adjustment
C) Comprehensive Income
D) cumulative accounting adjustments

Correct Answer:

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