QuickBooks Desktop Uses ________To Value the Inventory

question 25

Multiple Choice

QuickBooks Desktop uses ________to value the inventory.

• A)LIFO
• B)FIFO
• C)the gross profit method
• D)the average cost method

---

Definitions:

Parity Concept

In economics, it refers to the idea that two currencies are at par when their exchange rates allow for the purchase of the same quantity of goods in both countries.

Criticism

The practice of evaluating, analyzing, or assessing something or someone often with a focus on identifying faults or shortcomings.

Agricultural Policies

Regulations and strategies implemented by governments to control the agricultural sector's market, aiming to stabilize prices, ensure a stable food supply, and protect agricultural incomes.

Criticisms

The expression of disapproval based on perceived faults or mistakes, or the analysis and judgment of merits and faults.