An Assumption About Cost Flow Is Necessary

question 38

Multiple Choice

An assumption about cost flow is necessary

• A) because it is required by income tax regulations.
• B) only when the flow of goods cannot be determined.
• C) because prices usually change,and tracking which units have been sold is difficult.
• D) even when there is no change in the purchase price of inventory.

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Definitions:

Pasta Sauce

A flavored liquid or semi-liquid mixture served with pasta, typically made from ingredients such as tomatoes, herbs, and spices.

Chopped Onions

Onions that have been cut into small pieces, commonly used as a cooking ingredient.

Servings

Quantified amounts of food or drink, as recommended by nutrition guidelines or determined by individual packaging.

Mixed Numbers

A number consisting of an integer and a fraction part, such as 3 1/2.