Explain consequences that result from use of inventory cost


Accounting Discussion Board 1: "Inventory Cost Flow Assumptions"

o Compare and contrast the different inventory cost flow assumptions. Explain the consequences that result from the use of alternative inventory cost flow assumptions.

Accounting Discussion Board 2: "Interpretation of GAAP and Ethical Issues"

o Based on the information contained in Case C7-6: Interpretation of GAAP and Ethical Issues, could a LIFO liquidation profit create ethical issues? Defend your position.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Accounting Basics: Explain consequences that result from use of inventory cost
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