View Policies Current Attempt in Progress On December 31,2024, Ivanhoe Company changed its method...

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Accounting

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On December 31,2024, Ivanhoe Company changed its method of accounting for inventory from the average-cost method to the FIFO
method. This change caused the 2024 beginning inventory to increase by $910000. The cumulative effect of this accounting change to
be reported for the year ended 1231?24, assuming a 20% tax rate, is
$910000.
$0.
$182000.
$728000.
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