Accounting MCQ Inventory Cost Flow IFRS prohibits which of the following cost flow assumptions?

IFRS prohibits which of the following cost flow assumptions?

Naim 00:03 Inventory Cost Flow

IFRS prohibits which of the following cost flow assumptions?

A. LIFO
B. Specific identification
C. Weighted average
D. Any of these cost flow assumptions is allowed

Answer: A. LIFO

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