Business, 31.03.2020 01:55 murtaghliam1
On December 31, 2018 Sandhill Company changed its method of accounting for inventory from weighted average cost method to the FIFO method. This change caused the 2018 beginning inventory to increase by $940000. The cumulative effect of this accounting change to be reported for the year ended 12/31/18, assuming a 30% tax rate, is Entry field with incorrect answer $658000. $282000. $0. $940000.
Answers: 1
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On December 31, 2018 Sandhill Company changed its method of accounting for inventory from weighted a...
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