When changing from the average cost method to FIFO, the company:

Business

1 answer:

Lesechka [4]3 years ago

7 0

Answer: B. Revises comparative financial statements.

Explanation:

When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.

You might be interested in

What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stoc

Eva8 [605]

Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882

Explanation:

stock A Investment = Number of shares x market value

=130 x 40 = $5200

stock B investment =Number of shares x market value

110 x 30 = $3,300

Total Investments= $5200 + $3,300 = $8,500

portfolio Weight = stock Investment / Total investment

portfolio Weight of A= 5200/ 8,500 =0.6118

portfolio Weight of B = 3,300 / 8,500 =0.3882

3 0

3 years ago

Can we chat I am bored I had instagram too

Otrada [13]

Answer:

well l'm not on instagram

4 0

3 years ago

Read 2 more answers

The primary goal of social business is to deepen interactions with employees and customers. True False

ivanzaharov [21]

Answer:

True

Explanation:

As in order to spread the interaction and to diversify the market, the primary goals s to deepen the social interaction among the members of the thereby interaction with the employees and the customers and hence this will lead to the increase in the profits.

6 0

3 years ago

Which is the last step in making a personal budget?

OlgaM077 [116]

The last step in making a personal budget is to reduce expenses in flexible categories. The correct option among all the options given in the question is option "B". Under normal circumstances, a person cannot make the adding up all sources of income as the last step. Then the expenses will not get added. The flexible expenses are expenses that can always be reduce or are not important expenses. The basis of making the budget is to reduce those unnecessary expenses. So the last step should always be to find ways to reduce the flexible or unwanted expenses.

4 0

3 years ago

Choose the word that best completes this sentence. ________ exist in the ground, air, and bodies of most living things but do no

exis [7]

It seems that you have missed the necessary options for us to answer this question, but anyway here is the answer. BACTERIA <span>exist in the ground, air, and bodies of most living things but do not need a host organism to live and multiply. Hope this answers your question.</span>

4 0

3 years ago