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Oliga [24]
2 years ago
8

A major difference between the IFRS and US GAAP is: US GAAP is principle-based and IFRS is rule-based US GAAP allows capitalizat

ion of successful development for all industries GAAP is more cash flow oriented US GAAP allows LIFO
Business
1 answer:
dimaraw [331]2 years ago
3 0

Answer:

US GAAP allows LIFO

Explanation:

The last in, first out (LIFO) inventory valuation system uses the price of the last units purchased in order to determine the cost of goods sold. The International Financial Reporting Standards (IFRS) require that companies use the first in, first out (FIFO) inventory valuation system or the weighted average system. While US GAAP accepts LIFO, FIFO or weighted average.

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3 years ago
They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their
mojhsa [17]

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Explanation:

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3 years ago
When putting away pallets of freight into multiple depth drive-in bays, what level of racking should be stocked first, second, a
Solnce55 [7]
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7 0
3 years ago
The management team at electronics galaxy is evaluating whether or not to have sales staff wear uniforms on the showroom floor.
Delicious77 [7]

Answer:

b. Uniforms can help customers identify members of the sales staff

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3 years ago
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Answer:

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Explanation:

5 0
2 years ago
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