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  3. Study Set
    Fundamental Accounting Principles
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    Exam 6: Inventory Costing and Valuation
  5. Question
    The Consistency Principle Means That One Costing Method, Such as FIFO
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The Consistency Principle Means That One Costing Method, Such as FIFO

Question 91

Question 91

True/False

The consistency principle means that one costing method, such as FIFO or moving weighted average, has to be used exclusively.

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