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A company has two inventory items of a similar nature and use. One item is held at the company's headquarters in Spain and one is held in France. Using IFRS:

A) The company can use different cost flow assumptions for the inventory.

B) The company must use different cost flow assumptions for the inventory.

C) The company must use the same cost flow assumptions for the inventory.

D) IFRS does not have a rule relating to inventory items in different locations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437703

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