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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 7: Inventories: Cost Measurement and Flow Assumptions
  5. Question
    The Basic Criterion for Including Items in Inventory Is
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The Basic Criterion for Including Items in Inventory Is

Question 61

Question 61

Multiple Choice

The basic criterion for including items in inventory is


A) physical control
B) legal ownership
C) physical possession
D) economic control

Correct Answer:

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