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    Intermediate Accounting Study Set 3
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    Exam 20: Accounting Changes and Error Corrections
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    In 2014,a Company Changed from the LIFO Method of Accounting
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In 2014,a Company Changed from the LIFO Method of Accounting

Question 18

Question 18

Short Answer

In 2014,a company changed from the LIFO method of accounting for inventory to FIFO.The company's 2013 and 2014 comparative financial statements will reflect which method or methods?
In 2014,a company changed from the LIFO method of accounting for inventory to FIFO.The company's 2013 and 2014 comparative financial statements will reflect which method or methods?

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