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Need Help Thank you... ( A ) is the reason to account for inventory using ( B ) ( C ) directs accountants to report
Need Help Thank you...
( A ) is the reason to account for inventory using ( B ) ( C ) directs accountants to report inventory at the most realistic and transparent amount.
(A) Consistency principle/ Disclosure principle/ Materiality principle/ Representational faithfulness
(B) Average cost/ First in, first out/ Last in, first out/ The lower of cost or market
(C) Conservatism/ Consistency/ Disclosure/ Materiality/ Representational faithfulness
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