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What the cumulative effect of this accounting change to be

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Problem 1: On December 31, 2019 Dean Company changed its method of accounting for inventory from the average cost method to the FIFO method. This change caused the 2019 beginning inventory to increase by $24000. The cumulative effect of this accounting change to be reported for the year ended 12/31/19, assuming a 35% tax rate, is

Reference no: EM132837250

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