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Which of the Following Is a Required Disclosure for Inventory

Question 48

Multiple Choice

Which of the following is a required disclosure for inventory?


A) Inventory valuation method used (FIFO,LIFO,moving average) and percentage of inventory valued under each method.
B) LIFO or current cost if the inventory is valued using FIFO.
C) Type of inventory system used (periodic or perpetual) .
D) All of the above.

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