Question: answer this FIFO is considered a balance-sheet approach for reporting inventory because FIFO: Multiple Choice O O O O Always results in a lower amount

answer this

FIFO is considered a balance-sheet approach for reporting inventory because FIFO: Multiple Choice O O O O Always results in a lower amount of inventory being reported. Better approximates the value of ending inventory. Better approximates inventory cost necessary to generate revenue. Always results in a higher amount of inventory being reported

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