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Which of the following accurately describes a companys choice of inventory cost method? Multiple Choice A company can choose which inventory method it prefers, even

Which of the following accurately describes a companys choice of inventory cost method?

Multiple Choice

  • A company can choose which inventory method it prefers, even if the method does not match the actual physical flow of goods.

  • Once a company chooses a method, it is not allowed to frequently change to another one.

  • All of the other answers are correct.

  • A company need not use the same method for all of its inventory.

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