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    Fundamental Financial Accounting Concepts Study Set 2
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    Exam 5: Accounting for Inventories
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    Generally Accepted Accounting Principles Would Not Allow a Company to Use
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Generally Accepted Accounting Principles Would Not Allow a Company to Use

Question 117

Question 117

True/False

Generally accepted accounting principles would not allow a company to use FIFO for part of its inventory and the weighted-average cost flow assumption for the rest of its inventory.

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