Which of the Following Statements Is False

question 9

Multiple Choice

Which of the following statements is false?

• A)Companies do not have to use the same inventory method for all items of inventory.
• B)Companies do not have to consistently use the same inventory costing methods.
• C)Use of the LIFO inventory method during a period of increasing unit costs may create a conflict of interest between the owners and managers.
• D)A company choosing to maximize stockholders' equity during a period of increasing unit costs should use the FIFO inventory methoD.GAAP requires companies to consistently apply their inventory costing methods.

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Definitions:

Uplift Union

A union strategy focusing on improving the social and economic status of workers through education, community involvement, and positive labor relations practices.

Moral

Pertaining to principles or rules of right conduct or the distinction between right and wrong; ethical.

Intellectual

A person involved in critical thinking, research, and reflection about society, and who proposes solutions for its normative problems.

National Unions

Unions that operate across an entire country, representing a broad base of members from various sectors and industries within that nation.