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16 The retail method is often used by entities in the retail industry for which: (2 Points) * large numbers of inventory items have similar
16 The retail method is often used by entities in the retail industry for which: (2 Points) * large numbers of inventory items have similar cost prices. large numbers of inventory items have different cost prices. large numbers of inventory items have different gross profit margins. large numbers of inventory items have similar gross profit margins. All choices are wrong. 17 Cash flow statement enhances the of reporting operating performance by different entities because it eliminates the effects of using different accounting treatments for similar transactions. * (2 Points)
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