Inventory computations require cost-flow assumptions only because specific identification of items sold is costly. Specific identification is

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Inventory computations require cost-flow assumptions only because specific identification of items sold is costly. Specific identification is theoretically superior to any cost-flow assumption and eliminates the possibility of income manipulation available with some cost-flow assumptions.” Comment.

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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