A Matching of the Most Recent Costs to Revenue Results

question 42

Multiple Choice

A matching of the most recent costs to revenue results from the use of

• A) the LIFO method.
• B) the FIFO method.
• C) the average cost method.
• D) the lower of cost or market method.

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Definitions:

Indirect Strategy

An approach to communication in which the main idea or message is presented after the background or supporting information, commonly used to prepare the reader or listener for unwelcome news.

Conclusions/Recommendations

Conclusions/recommendations are the final parts of a report or document summarizing the findings and suggesting actions based on the analysis presented.

Direct Strategy

A clear and straight-to-the-point method or plan of action to achieve a specific goal.

Business Report

A document that presents information, analysis, and recommendations pertaining to a particular business situation or problem.