The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:
A. Lower of cost or market.
B. FIFO.
C. Weighted average.
D. Specific identification.
E. LIFO.
Answer: B
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a. Memory b. Forgetting c. Knowledge d. Ignorance
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Customers do not care about slogans and service claims until something happens to them.
Answer the following statement true (T) or false (F)