This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 6. A change from deferring and amortizing preproduction costs to recording such costs as an expense when incurred because future benefits of the costs have become doubtful. The new accounting method was adopted in recognition of the change in estimated future benefits. 7. A change to including the employer’s share of FICA taxes as “retirement benefits” on the income statement from including it with “other taxes”. 8. A change from the FIFO method of inventory pricing to the LIFO method of inventory pricing Downsizing...
View Full Document
- Fall '08
- Accounting, FIFO and LIFO accounting, inventory pricing