Abstract: This 13 page paper looks at a case study of a firm that is considering make a change in accounting policy; to move from last in first out (LIFO) to first in first out (FIFO) inventory valuation methods. The impact that change may have ion the income statement are discussed and calculated, and issues such as ethical considerations are discussed. The bibliography cites 4 sources.
Filename: TEmerrimack2.rtf
Pages: 13
Catagory: Money & Banking / Corporate Finance
Subcatagory: Accounting & Personal Finance
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