When the retrospective approach is used for a change to the FIFO method, which of the following accounts is usually not adjusted?
A)Deferred Income Taxes.
B)Inventory.
C)Retained Earnings.
D)All of the above usually are adjusted.

Question

Quizplus · Accepted Answer

The Answer of When the retrospective approach is used for a change to the FIFO method, which of the following accounts is usually not adjusted?
A)Deferred Income Taxes.
B)Inventory.
C)Retained Earnings.
D)All of the above usually are adjusted.

When the Retrospective Approach Is Used for a Change to the FIFO