A company has substantially increased its net income in 2017 while keeping its unit inventory relatively the same.
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A company has substantially increased its net income in 2017 while keeping its unit inventory relatively the same.

Since the company changed its method of inventory valuation, there is a consistency problem and it is difficult to determine whether the company is better off. What is the problem and why?

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A change in Accounting policy cause... View the full answer

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