Retrospective treatment of prior years' financial statements is required when there is a change from:
A. Average cost to FIFO.
B. FIFO to average cost.
C. LIFO to average cost.
D. All of the above.
Answer: D. All of the above.
Retrospective treatment of prior years' financial statements is required when there is a change from:
A. Average cost to FIFO.
B. FIFO to average cost.
C. LIFO to average cost.
D. All of the above.
Answer: D. All of the above.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.