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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
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    IFRS Reporting Currently Does Not Allow Which Method of Inventory
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IFRS Reporting Currently Does Not Allow Which Method of Inventory

Question 7

Question 7

Multiple Choice

IFRS reporting currently does not allow which method of inventory costing?


A) Lower of cost or market.
B) Weighted average.
C) Specific identification.
D) FIFO.
E) LIFO.

Correct Answer:

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