Question: A company changed its inventory costing formula from specific identification to FIFO this year, and disclosed the reason and effect of the change on its

A company changed its inventory costing formula from specific identification to FIFO this year, and disclosed the reason and effect of the change on its financial statements. Which of the following is correct?

(1

point

)

Multiple choice

2

Question

1

comparable is followed

unit of measure is violated

faithful is followed

going concern is violated

timely is followed

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