Inventory computations require cost flow assumptions only because specific identification of items sold is costly. Specific identification
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"Inventory computations require cost flow assumptions only because specific identification of items sold is costly. Specific identification is theoretically superior to any cost flow assumption and eliminates the possibility of income manipulation available with some cost flow assumptions." Comment.
(Appendix)
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Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030259623
9th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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