During 2016, Bryant Electronics changed to the weighted-average-cost method of accounting for inventory. Suppose that during 2017

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During 2016, Bryant Electronics changed to the weighted-average-cost method of accounting for inventory. Suppose that during 2017 Bryant Electronics changes back to the FIFO method and in the following year switches back to the weighted-average-cost method again.
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1. What would you think of a company's ethics if it changed accounting methods every year?
2. What accounting principle 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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Related Book For  book-img-for-question

Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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