What is a cost-flow assumption? Why is a cost-flow assumption necessary in accounting for inventory?

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:27 AM

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What is a cost-flow assumption? Why is a cost-flow assumption necessary in accounting for inventory?

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Costflow assumption refers to the method that is used to ...View the full answer

Financial Accounting

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