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Which of the following statements are TRUE as they relate to Inventory Valuation methods? ( select all that apply ) A ) If a company

Which of the following statements are TRUE as they relate to Inventory Valuation methods? (select all that apply)
A) If a company chooses FIFO inventory valuation, they must sell their goods before replenishing their inventory stock.
B) LIFO provides a better matching of current cost of goods sold with sales revenue on the income statement.
C) LIFO provides older values for inventory on the balance sheet.
D) The actual physical flow of inventory must match the inventory valuation method a company chooses.

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