Which of the Following Statements Is True Regarding Inventory Cost

question 150

Multiple Choice

Which of the following statements is true regarding inventory cost flow assumptions?

• A)A company may use more than one costing method concurrently.
• B)A company must comply with the method specified by industry standards.
• C)A company must use the same method for domestic and foreign operations.
• D)A company may never change its inventory costing method once it has chosen a method.

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