What advantages does the retail inventory method have over the gross profit method?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:20 AM

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What advantages does the retail inventory method have over the gross profit method?

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The retail inventory method is more flexible than the gross profit method in that it allows estima...View the full answer

Intermediate Accounting

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