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12. Which of the following cost flow assumptions are permissible under U.S. GAAP? a. FIFO b. LIFO c. Average Cost (Weighted Average) d. All of

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12. Which of the following cost flow assumptions are permissible under U.S. GAAP? a. FIFO b. LIFO c. Average Cost (Weighted Average) d. All of the above are acceptable. e. None of the above is acceptable

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