Describe how you see lifo issue being resolved

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Reference no: EM13130078

Discuss whether or not LIFO should be a valid inventory valuation method under IFRS and support your rationale. Discuss the consequences to U.S. companies using LIFO should they move to IFRS. Describe how you see LIFO issue being resolved in the convergence process between IFRS and GAAP.

Reference no: EM13130078

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