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Which of the following is true of inventory costing methods? Most companies use FIFO to estimate cost of goods sold The decision to use UFO
Which of the following is true of inventory costing methods? Most companies use FIFO to estimate cost of goods sold The decision to use UFO . FIFO affects the income statornant and balance sheet but not cash flow Comparies may choose between FIFO, UFO, and average cont under GMP and IFRS The main motivation for using FIFO is to minimize the tax burden Module 6
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