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Question 8 (1 point) What would not be a best practice in valuing inventorks? It is exsier to adopt an inventory method initialy, than to

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Question 8 (1 point) What would not be a best practice in valuing inventorks? It is exsier to adopt an inventory method initialy, than to change a method once: 4 has been adopted A taxpayer's conformity with GNAP rebtitg to kiventory accounting does not, however, create a presumption of the valifity of an inventory method, because the method mint also clearby refect income. A corporation includes in its itventory amounts for goods foc which it has placed purchare orders, but to which it does not vet huve tite. A method of accounting that reflects the consistent apolication of generaly. accepted accounting principles in a particutar trade co butiness in accordance. with that trade or business mill ordinarhy be regarded as clearfy reflecting income, provided all items of goss income and expense are treated consistently from your to yese

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