Which One of the Following Is Not an Advantage of Using

question 26

Multiple Choice

Which one of the following is not an advantage of using the FIFO cost flow assumption?

• A)produces lowest net income in periods of rising prices
• B)provides a relevant ending inventory value
• C)is not as susceptible to profit manipulation by management
• D)does not produce unusual results when inventory liquidation occurs

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Definitions:

Kruskal-Wallis Test

A statistical test that doesn't rely on parameter assumptions to evaluate if notable differences exist between two or more independent variable groups, focusing on a continuous or ordinal dependent variable.

Distribution

The spread of values of a variable or the frequencies of occurrence of different possible outcomes in a dataset.

Sign Test Statistic

A test that does not assume a specific data distribution, employed to evaluate if paired observations have a median that differs.

Sign Test

A nonparametric statistical test used to determine if there is a median difference between paired observations.