11- Multiple Choice Question 72
Which one of the following inventory methods is often impractical to use ?
LIFO FIFO Specific identification Average cost 12 - Multiple Choice Question 132 Overstating ending inventory will overstate all of the following except net income . owner ’ s equity . assets . cost of goods sold . 13- IFRS Multiple Choice Question 232 Under IFRS , companies can choose which inventory system ? LIFO FIFO Yes No Yes Yes