See-Saw Ltd Uses Moving Weighted Average for Its Inventory,which Is

question 9

Multiple Choice

See-Saw Ltd uses moving weighted average for its inventory,which is valued at $276 000.It is considering a change to FIFO,which would decrease the valuation to $245 000.
-Which of the following would be decreased by the change?

• A) Cash
• B) Cost of goods sold
• C) Net profit
• D) No accounts would be decreased

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The ability or movement of individuals or groups to move within or between social strata in a society.

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