Question: During 2013, Vanguard Inc. changed to the weighted-average-cost method of accounting for inventory. Suppose that during 2014, Vanguard changes back to the FIFO method, and

During 2013, Vanguard Inc. changed to the weighted-average-cost method of accounting for inventory. Suppose that during 2014, Vanguard changes back to the FIFO method, and the following year Vanguard switches back to weighted-average cost again.
Requirements
1. What would you think of a company's ethics if it changed accounting methods every year?
2. What accounting characteristic would changing methods every year violate?
3. Who can be harmed when a company changes its accounting methods too often? How?

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