subject
Business, 25.03.2020 17:43 machopr

In 20X8, Jane Co. changed from FIFO to LIFO method of accounting for inventory. Because of the length of time Jane has been in business, the cumulative effect of the change is not practicable to determine. Under ASC 250, it is acceptable for Jane Co. to report this change in which of the following ways?

Change in estimate on a prospective basis.

Prior period adjustment with separate disclosure.

Earliest prospective application to the extent it is practicable.

a. I or II only

b. III only

c. II only

d. I, II, or III

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 18:20, Heavengunn15
Which of the following is intended to demonstrate to an employer the importance of cooperating with workers? a. a collective agreement. b. a stock offer. c. a boost in production. d. a work slowdown. 2b2t
Answers: 2
image
Business, 22.06.2019 06:40, SkyMelvin
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
image
Business, 22.06.2019 12:50, 22iungj
Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)
Answers: 1
image
Business, 23.06.2019 01:30, minecrafter3882
What is the name of the company and the stock symbol you chose? what is the p/e ratio? what information did you find about the company? why did you choose this stock? company name: stock symbol: p/e ratio: information about the company: why did you choose this stock?
Answers: 2
You know the right answer?
In 20X8, Jane Co. changed from FIFO to LIFO method of accounting for inventory. Because of the lengt...

Questions in other subjects:

Konu
Computers and Technology, 26.06.2021 14:00
Konu
History, 26.06.2021 14:00
Konu
Engineering, 26.06.2021 14:00
Konu
Business, 26.06.2021 14:00