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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
During a period of declining inventory costs, which of the following inventory costing methods should be used by a company that intends to minimize its income tax expenses?
A) specific identification
B) weighted-average
C) last-in, first-out
D) first-in, first-out
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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