Question

1 points A company that prepares its financial statements according to International Financial Reporting Standards (IFRS) can
1 points are Ramen Inc. adopted dollar value LIFO (DVL) as of January 1, 2021, when it had a cost inventory of $600,000. Its
LIFO periodic and LIFO perpetual always produce the same dollar amounts for ending inventory. True False
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Answer #1

Answer LIFO Cb) as per FRS, LIFO iC Probibikd to valve the * . ioYentories onder itic altotoed but Becaune of uning LIFO meth

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