An advantage of FIFO method of stock valuation is that
FINANCIAL
JAMB 2017
An advantage of FIFO method of stock valuation is that
- A. it serves-as a control during inflation
- B. it is calculated at the end of the year
- C. it is progressive in nature
- D. its flow of cost is in sequence with the flow of stock.
Correct Answer: D. its flow of cost is in sequence with the flow of stock.
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