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Under what circumstances would the gross profit method of estimating inventory be used? when inventory has been destroyed when an inventory estimate is quickly needed
Under what circumstances would the gross profit method of estimating inventory be used?
when inventory has been destroyed
when an inventory estimate is quickly needed
both answers are correct
none of the answers are correct
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
