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Define the involuntary liquidation of lifo

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Reference no: EM131747537

An example of an inventory accounting policy that should be disclosed in a Summary of Significant Accounting Policies is the

a. Amount of income resulting from the involuntary liquidation of LIFO

b. Major backlogs of inventory ordersc. method used to determine cost of inventoryd. composition of inventory into raw materials, work-in-process, and finished goods

Reference no: EM131747537

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