The cost flow tends to follow the physical flow when FIFO is used.
Answer the following statement true (T) or false (F)
True
The cost flow tends to follow the physical flow when FIFO is used.
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Sick pay benefits that are related to an employee's services already rendered, whose payment is probable and whose amount can reasonably be estimated, must be accrued and recognized as a current liability if the obligation relates to rights that Accumulate Vest I. No No II. No Yes III. Yes No IV. Yes Yes
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