Which method of inventory pricing best approximates specific identification of the actual flow of costs and units in most manufacturing situations?

a. Average cost
b. First-in, first-out
c. Last-in, first-out
d. Base stock

Answer: b. First-in, first-out

Business

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If prediction and explanation constitute analysis, then management constitutes

A) structure. B) change. C) reason. D) action. E) behaviour.

Business

When a company acquires a long-term bond investment, by paying cash, total assets remain unchanged

Indicate whether the statement is true or false

Business