On January 1, 2017, Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO

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On January 1, 2017, Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO method. Explain how this change in accounting principle should be treated in the company's financial statements.

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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Aug 24, 2016 02:06 AM

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On January 1, 2017, Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO

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The change in inventory pricing for Bryce should be reported retr...View the full answer

Accounting Tools for Business Decision Making

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