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Business, 16.03.2020 20:54 brendancrow5927

In year 2, Sammi Corp. changes its inventory method from FIFO to the weighted-average method. Under the weighted-average method, the year 2 beginning inventory is $3,000 higher than the FIFO method. The financial statements are revised using the retrospective approach. What are the financial statement effects of the change in accounting principle

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In year 2, Sammi Corp. changes its inventory method from FIFO to the weighted-average method. Under...

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