Which of the Following Inventory Costing Method Is Not Permitted

question 41

Multiple Choice

Which of the following inventory costing method is not permitted by ASPE and IFRS in Canada?

• A)FIFO.
• B)LIFO
• C)Specific identification method
• D)Weighted average cost method

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Definitions:

Emotional Readiness

The state of being prepared to experience emotions or engage in emotional activities.

Timing

refers to the selection of the best moment to do or say something in order to achieve the desired effect or outcome.

Personalization

The process of tailoring products, services, or content to the individual preferences or needs of each user or customer.

Tone

The quality or attitude expressed in written or spoken communication that conveys the speaker's feelings or intentions.