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Even though in the U.S., GAAP allows the use of both FIFO and LIFO, IFRS (International Financial Reporting Standards) do not allow the use of
Even though in the U.S., GAAP allows the use of both FIFO and LIFO, IFRS (International Financial Reporting Standards) do not allow the use of LIFO because of potential distortion that may arise on ...
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
2nd edition
978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152
