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    Intermediate Accounting Study Set 6
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    Exam 8: Inventories: Cost Measurement and Flow Assumptions
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    Which Inventory Cost Flow Assumption Is Not Allowed for Financial
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Which Inventory Cost Flow Assumption Is Not Allowed for Financial

Question 73

Question 73

Multiple Choice

Which inventory cost flow assumption is not allowed for financial reporting in many foreign countries?


A) specific identification
B) average
C) FIFO
D) LIFO

Correct Answer:

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