Question: Which inventory method generally best follows the matching principle? a . Average - cost b . LIFO c . Whichever method is used for tax

Which inventory method generally best follows the matching principle? a. Average-cost

Which inventory method generally best follows the matching principle?
a. Average-cost
b. LIFO
c. Whichever method is used for tax purposes
d. FIFO
10 In a period of rising prices, which inventory method is best to use for tax purposes?
a. FIFO
b. Average-cost
c. Specific identification
d. LIFO
b. LIFO c. Whichever method is used for tax purposes d. FIFO

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