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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
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A company can choose which inventory method it prefers, even if the method does not match the actual physical flow of goods.
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Once a company chooses a method, it is not allowed to frequently change to another one.
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All of the other answers are correct.
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A company need not use the same method for all of its inventory.
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