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Basic Question 16 of 16
For a company to increase its assets during a deflationary period, it needs to follow the:
A. FIFO method.
B. LIFO method.
C. Average cost of inventory method.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
calculate and explain how inflation and deflation of inventory costs affect the financial statements and ratios of companies that use different inventory valuation methods
CFA® 2024 Level I Curriculum, Volume 2, Module 6.