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    Principles of Accounting Study Set 1
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    Exam 7: Inventories
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    Which of the Following Terms Best Describes the Assumption Made
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Which of the Following Terms Best Describes the Assumption Made

Question 56

Question 56

Multiple Choice

Which of the following terms best describes the assumption made in applying the four inventory methods?


A) Cost flow
B) Goods flow
C) Asset flow
D) Physical flow

Correct Answer:

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