Which of These Is Not an Acceptable Inventory Costing Method

question 12

Multiple Choice

Which of these is not an acceptable inventory costing method under IFRS?

• A) FIFO
• B) Specific Identification
• C) Average cost
• D) LIFO

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Definitions:

Potassium Levels

Refer to the concentration of potassium in the blood, essential for muscle function, nerve function, and fluid balance in the body.

Chvostek Sign

A clinical sign where facial muscles twitch upon tapping the facial nerve, indicative of conditions like hypocalcemia.

Hyperparathyroidism

A disorder of the parathyroid glands in which there is overproduction of parathyroid hormone, leading to elevated levels of calcium in the blood.

Chronic Alcohol Abuse

Chronic alcohol abuse is a condition characterized by the long-term, excessive intake of alcohol, leading to physical and psychological health problems.