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25-03-2022
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True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in accordance with GAAP.

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BadassTommy BadassTommy

25-03-2022

Answer:

True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in accordance with GAAP. True (The inventory method is an assumed cost flow and does not have to correspond with the actual physical flow of goods.

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