On January 1, 2019, Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO

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On January 1, 2019, 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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Financial Accounting

ISBN: 978-1119305736

10th edition

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

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Question Posted: Mar 29, 2017 11:56 AM

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On January 1, 2019, 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

Financial Accounting

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