Question: A company experiences a significant decrease in sales volume, but reports a slight increase in net income for current quarter year upon review you noticed
A company experiences a significant decrease in sales volume, but reports a slight increase in net income for current quarter year upon review you noticed that the company changed inventory method from foot to Lightfoot during the quarter assuming inventory cost for racing what is the potential ethical concern related to this change Options are the change indicate I like a professional competence by the accounting team B the change is appropriate response to failing sales. See the change violates are going concern assumption, or D may be an attempt to earnings management as life foot would typically decrease net income when cause of racing
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