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1. If NSF, does not refer to to checks that the company itself has written, what is it then? 2. What does the following statement

1. If NSF, does not refer to to checks that the company itself has written, what is it then?

2. What does the following statement mean to you with respect to FIFO in physically handling goods?

- The physical flow of the goods does not have to be the same as the cost flow of the goods.

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