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1 . Discuss the impact of different inventory valuation methods ( FIFO , LIFO, and Weighted Average ) on the financial statements of a company.
Discuss the impact of different inventory valuation methods FIFO LIFO, and Weighted Average on the financial statements of a company. Consider a scenario where the cost of inventory is rising over time. How would the choice of inventory valuation method affect the companys income statement, balance sheet, and cash flow statement? Provide examples to illustrate your points.
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