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Author Question: The Securities and Exchange Commission (SEC) requires all publicly-traded corporations to file their ... (Read 43 times)

aabwk4

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The Securities and Exchange Commission (SEC) requires all publicly-traded corporations to file their 10-K reports using XBRL (Extensible Business Reporting Language).
 
  Indicate whether the statement is true or false

Question 2

During a period of falling prices, which of the following inventory methods generally results in the lowest balancesheet amount for inventory?
 a. average cost method
  b. LIFO method
  c. FIFO method
  d. cannot tell without more information



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lauravaras

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Answer to Question 1

TRUE

Answer to Question 2

c




aabwk4

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Reply 2 on: Jul 5, 2018
Excellent


31809pancho

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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