What are some reasons why companies change accounting methods? With regard to improving cash flow, if a

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What are some reasons why companies change accounting methods?

With regard to improving cash flow, if a company changed from FIFO to LIFO when costs are increasing, this would decrease their tax bill. With a decrease in the tax bill would be an increase in cash flow. Do you agree?

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: May 25, 2023 02:58 AM

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What are some reasons why companies change accounting methods? With regard to improving cash flow, if a

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Companies may change accounting methods for various reasons including Compliance with accounting standards Companies may change accounting methods to ... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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