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    Accounting Principles
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    Exam 6: Inventories
  5. Question
    LIFO Can Be Used
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LIFO Can Be Used

Question 8

Question 8

Multiple Choice

LIFO can be used


A) under neither GAAP nor IFRS.
B) under IFRS but not GAAP.
C) under GAAP but not IFRS.
D) under both GAAP and IFRS.

Correct Answer:

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