How can an accounting change cause a company to increase a previously reported inventory amount?Are all accounting
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Question:
How can an accounting change cause a company to increase a previously reported inventory amount?Are all accounting changes reported this way?If not, what are the other approaches to reporting accounting changes and provide an example for each.
Expert Answer:
An accounting change can cause a company to increase a previously reported inventory amount through different methods primarily affecting how inventory is valued or measured on the balance sheet Not a... View the full answer
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