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Which of the following is true in regarding choice of inventory valuation methods? A. The valuation method must match the actual physical flow of the
Which of the following is true in regarding choice of inventory valuation methods?
A. The valuation method must match the actual physical flow of the goods
B. LIFO will always yield a higher cost of goods sold than will FIFO
C. If a company uses LIFO for tax purposes, it must also use LIFO for financial reporting
D. A company must use the same method for all its inventories
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