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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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