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Glynnis watches Scott dump a day's worth of tree seedlings into a ravine instead of planting them. The company that employs Glynnis and Scott has a strict policy about this action, which is viewed as theft. Glynnis calls Scott a jerk, tells her friends what he has done, and ignores him for the rest of the season. What is Glynnis engaging in?
Average Cost Formulas
A method in inventory valuation that calculates the cost of goods sold based on the average cost of all similar items in inventory.
Physical Flow
The tracking of physical units as they move through the production process.
Specific Identification
A method in inventory accounting that tracks the actual cost of specific items sold and in inventory.
Net Income Manipulation
The practice of altering financial statements to present a more favorable picture of a company's profits.
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