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6.2 Inventory Methods and Financial Effects The requires that if companies use for tax purposes, they must also use it for financial reporting purposes. O
6.2 Inventory Methods and Financial Effects The requires that if companies use for tax purposes, they must also use it for financial reporting purposes. O consistency principle; the average-cost method O LIFO conformity rule; LIFO O FIFO conformity rule; FIFO A tax accounting principle; MACRS
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
