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true or false? During periods of rising prices, firms that want to report more attractive profits would tend to favor the FIFO technique of inventory valuation.
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Asked 4/7/2012 4:04:28 PM
Updated 12/16/2017 11:59:12 AM
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Flagged by Wallet.ro [12/16/2017 11:59:12 AM]
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User: true or false? During periods of rising prices, firms that want to report more attractive profits would tend to favor the FIFO technique of inventory valuation.

Question
Asked 4/7/2012 4:04:28 PM
Updated 12/16/2017 11:59:12 AM
1 Answer/Comment
Flagged by Wallet.ro [12/16/2017 11:59:12 AM]
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During periods of rising prices, firms that want to report more attractive profits would tend to favor the FIFO technique of inventory valuation. True.


Added 12/16/2017 11:13:22 AM
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true or false. Cash revenues from the sale of new cars at Pete's Auto Emporium would be listed as a cash inflow from operations on Pete's statement of cash flows.
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Updated 3/15/2018 6:47:12 AM
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Cash revenues from the sale of new cars at Pete's Auto Emporium would be listed as a cash inflow from operations on Pete's statement of cash flows. TRUE.
Added 3/15/2018 6:47:12 AM
This answer has been confirmed as correct and helpful.
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