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Which of the following is an acceptable practice as it relates to interim financial reporting? a) detayed recognition of permanent inventory market declines until year-end

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Which of the following is an acceptable practice as it relates to interim financial reporting? a) detayed recognition of permanent inventory market declines until year-end b) delayed recognition of unplanned standard cost system variances until yearend c) use of the variable costing inventory method for determining imventory costs d) use of the gross profit method to determine interim inventory amounts Question 17 (2 points) Given the following information for the Green Company. Greeri's 2010 profit margin was: a) 8.1% b) 10.8x c) 13.5% d) 18.1%

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