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    Australian Financial Accounting Study Set 1
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    Exam 7: Inventory
  5. Question
    The Only Difference Between the Old AASB 1019 and the New
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The Only Difference Between the Old AASB 1019 and the New

Question 44

Question 44

True/False

The only difference between the old AASB 1019 and the new AASB 102 is that the 'international' standards allow inventory to be valued using LIFO:

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