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    Core Concepts of Accounting
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    Exam 5: Inventory
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    IFRS Do Not Allow the Use of
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IFRS Do Not Allow the Use of

Question 86

Question 86

Multiple Choice

IFRS do not allow the use of


A) FIFO inventory method.
B) LIFO inventory method.
C) any cost flow assumption method.
D) specific identification inventory method.
E) lower of cost or market inventory method.

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