What are two main differences in inventory valuation under IFRS compared to U.S. GAAP?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 07:11 AM

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What are two main differences in inventory valuation under IFRS compared to U.S. GAAP?

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First under IFRS LIFO is prohibited whereas it i...View the full answer

Financial Accounting

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