Access the IASB Codification and answer the following: According to guidance in the IASB Codification, IASB 2 - Inventories, how should one account inventory costs using their cost formulas? How is this different from the FASB Codification (please provide the Topic/Subtopic number)? What two methods are identified in the IASB Codification as appropriate in accounting for leases? Where in the IASB did you find this information?

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To access the IASB Codification you can visit the IFRS Foundations web... View the full answer