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What are the three primary cost flow assumptions

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Problem 1: What are the three primary cost flow assumptions, and how would management choose among them?

Problem 2: How do different cost flow assumptions impact what is reflected on the balance sheet and income statement?

Problem 3: Why do we need to discuss LIFO liquidations in the notes to F/S? What do they tell F/S readers?

Reference no: EM132696823

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