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    Financial and Managerial Accounting Study Set 8
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    Exam 8: Inventories and the Cost of Goods Sold
  5. Question
    The Principle of Consistency Prohibits a Company from Changing an Inventory
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The Principle of Consistency Prohibits a Company from Changing an Inventory

Question 84

Question 84

True/False

The principle of consistency prohibits a company from changing an inventory valuation method once one is selected.

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