Which of the following is not a disadvantage of using the, Ask an Expert

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Which of the following is not a disadvantage of using the FIFO cost flow assumption?

a) creates the highest outflow for income taxes during periods of rising prices

b) does not match current costs against current revenues

c) includes all the holding gains in income during periods of rising prices

d) provides a relevant ending inventory value

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9414749

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