For the following items the issue is whether or not this is a consistency exception In the answer section explain why the situation is or is not a consistency exception A change from prime costing to full absorption costing for inventory valuation Issue Answer Effect on Report A change from presentation of statements of individual companies to presentation of consolidated statements Issue Answer Effect on Report A change to including the employer share of FICA taxes as retirement benefits on the income statement from including it with other taxes Issue Answer Effect on Report

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Question: For the following items the issue is whether or not this is a consistency exception. In the answer section explain why the situation is or

For the following items the issue is whether or not this is a consistency exception. In the answer section explain why the situation is or is not a consistency exception.

A change from prime costing to full absorption costing for inventory valuation.

Issue:

Answer:

Effect on Report:

A change from presentation of statements of individual companies to presentation of consolidated statements.

Issue:

Answer:

Effect on Report:

A change to including the employer share of FICA taxes as retirement benefits on the income statement from including it with other taxes.

Issue:

Answer:

Effect on Report:

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