Question
Which of the following is true of the consumption method of accounting for inventory? It does not report inventory balances It is not allowed to
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Which of the following is true of the consumption method of accounting for inventory?
It does not report inventory balances
It is not allowed to be used in the governmental-type funds for fund reporting
It must report any inventory balance as Nonspendable Fund Balance
It must be used in the government-wide financial statements
Which of the following is true of the consumption method of accounting for inventory?
| It does not report inventory balances | ||
| It is not allowed to be used in the governmental-type funds for fund reporting | ||
| It must report any inventory balance as Nonspendable Fund Balance | ||
| It must be used in the government-wide financial statements |
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Business Analytics
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann
5th Edition
0357902211, 978-0357902219
