8. Which method is commonly used for inventory valuation? A) FIFO...

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Accounting

8. Which method is commonly used for inventory valuation?
A) FIFO (First In, First Out)
B) LIFO (Last In, First Out)
C) Weighted Average Cost
D) All of the above
9. What is the purpose of an audit?
A) To prepare financial statements
B) To verify the accuracy of financial records
C) To provide tax

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