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D Question 4 1 pts One of the following statements is NOT True regarding an...

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Accounting

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D Question 4 1 pts One of the following statements is NOT True regarding an assumption of inventory cost flow The cost flow assumption need not correspond to the actual physical flow of goods. The FIFO assumption uses the earliest acquired prices to cost the items sold during a period. O The assumption selected may be changed each accounting period. O The LIFO assumption uses the earliest acquired prices to cost the items on hand at the end of an accounting period

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