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    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 6: Inventory Costing and Valuation
  5. Question
    When Preparing the Financial Statements, Management Can Choose the Inventory
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When Preparing the Financial Statements, Management Can Choose the Inventory

Question 78

Question 78

True/False

When preparing the financial statements, management can choose the inventory cost flow assumption it will use for a particular year in order to impact the reported net income.

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