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Indicate whether the statement is true or false
TRUE
Business
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How is the gross profit method used as it relates to inventory valuation?
a. Verify the accuracy of the perpetual inventory records. b. Verity the accuracy of the physical inventory. c. To estimate cost of goods sold. d. To provide an inventory value of LIFO inventories.
Business
Which of the following provides a rough estimate of what a project costs before the actual project has started?
A) AHE B) ROME C) DE D) PARETO
Business