Requirements ( based on IFRS ) : a . Prepare the journal entry necessary to record a
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Requirements based on IFRS:
a Prepare the journal entry necessary to record a change from the averagecost method to the FIFO method in Show all workings b Determine net income to be reported for and after giving effect to the change in accounting policy.
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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