Assuming increasing prices, the inventory cost flow assumption used by Chipotle to value inventory results...
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Accounting
Assuming increasing prices, the inventory cost flow assumption used by Chipotle to value inventory results in: a the same amount of net income on the income statement as LIFO. b more net income on the income statement than average cost. c less net income on the income statement than LIFO. d more net income on the income statement than LIFO.
Assuming increasing prices, the inventory cost flow assumption used by Chipotle to value inventory results in:
a
the same amount of net income on the income statement as LIFO.
b
more net income on the income statement than average cost.
c
less net income on the income statement than LIFO.
d
more net income on the income statement than LIFO.
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