If Companies Have Identical Inventoriable Costs but Use Different Inventory

question 95

Multiple Choice

If companies have identical inventoriable costs but use different inventory flow assumptions when the price of goods have not been constant, then the

• A)cost of goods sold of the companies will be identical.
• B)cost of goods purchased during the year will be identical.
• C)ending inventory of the companies will be identical.
• D)net income of the companies will be identical.

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