What external business risk is a trader likely to face as an importer of raw materials?

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Which of these is not a result of regular exercise

Identify the level of the literature hierarchy for u. s. gaap to which each item belongs