Question: 6. An assumption about cost flow is necessary a. Because it is required by the income tax regulation b. even when there is not change

6. An assumption about cost flow is necessary

a. Because it is required by the income tax regulation

b. even when there is not change in the purchase price on inventory

c. only when the flow of goods cannot be determined

d. because prices usually change, and tracking which units have been sold is difficult

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