Which of the Following Statements About the Use of the Weighted

question 28

Multiple Choice

Which of the following statements about the use of the weighted average assumption is true?

• A) The balance sheet figure is between the LIFO and FIFO figures.
• B) When prices are rising,it shows lower balance sheet figures than the LIFO method.
• C) When prices are falling,it shows lower balance sheet figures than the FIFO method.
• D) None of the answers provided.

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