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Business, 13.11.2019 19:31 TravisI00

On december 31, year 18 blossom company changed its method of accounting for inventory from weighted average cost method to the fifo method. this change caused the year 18 beginning inventory to increase by $101. the cumulative effect of this accounting change to be reported for the year ended 12/31/year 18, assuming a 40% tax rate,

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