Which of the Following Is a Required Disclosure for Inventory

question 48

Multiple Choice

Which of the following is a required disclosure for inventory?

• A)Inventory valuation method used (FIFO,LIFO,moving average)and percentage of inventory valued under each method.
• B)LIFO or current cost if the inventory is valued using FIFO.
• C)Type of inventory system used (periodic or perpetual).
• D)All of the above.

---

Definitions:

Leader Optimism

The tendency of leaders to maintain a positive outlook, even in challenging situations, and to convey hope and confidence to their followers.

Excessive Optimism

An overly positive outlook or expectation, which may result in unrealistic planning or underestimated risks.

Inspirational Motivation

The ability to motivate others through the articulation of an appealing vision and ambitious goals.

Appealing Vision

A compelling and inspiring outlook or plan for the future that motivates people to aim towards it.