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.

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