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What is the nature of FIFO phantom profits during periods of rising inventory purchase prices?

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Accounting

What is the nature of FIFO phantom profits during periods ofrising inventory purchase prices?

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The terms phantom profits or deceptive profits are regularly utilized with regards to inventory however can likewise relate to deterioration amid times of increasing expenses The measure of phantom or deceptive benefit is the distinction between the benefit revealed utilizing authentic expenseas required by generally    See Answer
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