In 2018, the barton and barton company changed its method of valuing inventory from the fifo method to the average cost method. at december 31, 2017, b & b’s inventories were $33.2 million (fifo). b & b’s records indicated that the inventories would have totaled $24.4 million at december 31, 2017, if determined on an average cost basis. ignoring income taxes, what journal entry will b & b use to record the adjustment in 2018?

If you want to compare two different investments, what should you calculate

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of