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Cost Flow Assumption
An accounting method used to value inventory and determine the cost of goods sold, examples include FIFO, LIFO, and weighted-average.
Tax Purposes
The specific reasons or objectives related to the calculation, payment, or management of taxes.
Cost Flow Assumption
Accounting assumptions used to calculate the cost of inventory sold and ending inventory value, such as FIFO, LIFO, or weighted average.
Reverse Order
A sequence of objects or tasks arranged in the opposite manner from which they were initially presented or executed.
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