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Schach [20]
4 years ago
7

Surefeet Corporation changed its inventory valuation method. Which characteristic is jeopardized by this change? Multiple Choice

Comparability. Representational faithfulness. Consistency. Feedback value.
Business
1 answer:
Zanzabum4 years ago
8 0

Answer:

Surefeet Corporation

Change of Inventory Valuation Method and the characteristic jeopardized by the change:

Consistency.

Explanation:

Consistency in accounting terms is the ability to continue a practise or method from one period to the next.   It is one of the five characteristics of high quality accounting information.  Others are accuracy, completeness, uniqueness, and timeliness.  Inventory valuation method in use affects the cost of goods and the reported profit or income.  Different methods used by entities include the First-in, First-out Method, Last-in, First-out Method, Weighted Average Method, and Specific Identification.

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3 years ago
What term is used to mean employee expertise and politeness and their ability to convey trust?
melomori [17]

Answer:

The term is Assurance

Explanation:

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Answer:

Direct material price variance= $2,500 favorable

Explanation:

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