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7 August, 18:10

Ward hardware used the fifo inventory costing method in 2017. ward plans to continue using the fifo method in future years. which accounting principle is most relevant to? ward's decision?

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  1. 7 August, 21:38
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    The appropriate response is Consistency Principle. The consistency principle expresses that, once you receive a bookkeeping rule or technique, keep on following it reliably in future bookkeeping periods. Just change a bookkeeping rule or technique if the new form somehow enhances revealed budgetary outcomes.
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