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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 FIFO Method of Accounting
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In 2014,a Company Changed from the FIFO Method of Accounting

Question 9

Question 9

Short Answer

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

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