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Which change from moving weighted average to fifo reporting

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Reference no: EM132656933

Problem 1: A change from moving weighted average to FIFO reporting is

Multiple Choice

Option 1: A change that results in a discontinued operation

Option 2: A change in accounting principle and is allowed if it improves the usefulness of information in the financial statements

Option 3: Not allowed once an inventory costing method has been chosen

Option 4: Allowed if it improves the usefulness of information in the financial statements

Option 5: A change in accounting principle and is not allowed even if it improves the usefulness of information in the financial statements

Reference no: EM132656933

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