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Question a): How might inventory costing methods (specific identification, FIFO, LIFO, moving average) impact the profit reported for the business. Give examples. Question b) :

  • Question a): How might inventory costing methods (specific identification, FIFO, LIFO, moving average) impact the profit reported for the business. Give examples.

  • Question b): Explain the key differences between cash-flows from Operating, Investing and Financing activities in the business.

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