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    Financial Accounting IFRS Study Set 1
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    Exam 6: Inventories
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    In a Period of Rising Prices, the Inventory Method Which
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In a Period of Rising Prices, the Inventory Method Which

Question 34

Question 34

Multiple Choice

In a period of rising prices, the inventory method which tends to report the lowest inventory is


A) FIFO.
B) LISH.
C) Specific identification.
D) Average-cost.

Correct Answer:

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