Which Costing Method Is Based on the Reasoning That the Fairest

question 90

Multiple Choice

Which costing method is based on the reasoning that the fairest determination of income occurs if the current costs are matched against current sales prices?

• A)Specific identification
• B)FIFO
• C)Average-cost
• D)LIFO

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Definitions:

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Autism Spectrum

A range of neurodevelopmental conditions characterized by challenges with social interaction, communication, and by a restricted and repetitive pattern of behaviors and interests.

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A category of crime that involves force or the threat of force against individuals.

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The act of taking part in something or having an interest in it; engagement in an activity or cause.