Question: When changing from the average cost method to FIFO, the company: a. Provides a disclosure note explaining why the change to FIFO is preferable. b.

When changing from the average cost method to FIFO, the company: a. Provides a disclosure note explaining why the change to FIFO is preferable. b. Revises comparative financial statements. c. Records a journal entry to adjust the book balances from their current amounts to what those balances would have been using FIFO. d. All of the above. e. None of the above.

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