Question: Question 7 3.4 points Save Answer San Saba Company switched in the current year its inventory costing method from average-cost to LIFO. The effect of

Question 7 3.4 points Save Answer San Saba Company switched in

Question 7 3.4 points Save Answer San Saba Company switched in the current year its inventory costing method from average-cost to LIFO. The effect of the cahnge on any of the prior years could not be determined. The company should apply the change using the Modified retrospective approach Retrospective approach This change would not be allowed under GAAP Prospective approach vine inanntheru

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