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What's the meaning of Inventory method changes?

帮考网校2020-10-13 15:42:12
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Inventory method changes refer to the changes made in the way a company accounts for its inventory. This can include changes in the method used to value inventory (such as moving from LIFO to FIFO), changes in the way inventory is counted or tracked, or changes in the way inventory is reported in financial statements. These changes can have a significant impact on a company's financial performance and can affect its tax liability.
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