Question: 108. When a company changes from LIFO to another inventory method, the change is reported A. prospectively because it is impractical to determine the effects

108. When a company changes from LIFO to another inventory method,

108. When a company changes from LIFO to another inventory method, the change is reported A. prospectively because it is impractical to determine the effects of this change on prior years' income. B. as an error correction. C. as a change in an accounting estimate. L using the retrospective approach

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