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Question 48 - IIA-CIA-Part3 discussion

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Which of the following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?

A.
First-in. first-out method (FIFO).
Answers
A.
First-in. first-out method (FIFO).
B.
Last-in, first-out method (LIFO).
Answers
B.
Last-in, first-out method (LIFO).
C.
Specific identification method.
Answers
C.
Specific identification method.
D.
Average-cost method
Answers
D.
Average-cost method
Suggested answer: A
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asked 18/09/2024
Lance Gentle
45 questions
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