Accounting MCQ Inventory Valuation of LCNRV & LCM Method The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _____________ method if they used an inventory method other than these two methods: ______ and _____.

The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _______ method if they used an inventory method other than these two methods: and _.

Naim 22:28 Inventory Valuation of LCNRV & LCM Method

The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _______ method if they used an inventory method other than these two methods: and _.

Answer:

- LCNRV (lower of cost or net realizable value) method
- LIFO & retail inventory method

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Accounting MCQ

The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _____________ method if they used an inventory method other than these two methods: ______ and _____.

The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _____________ method if they used an inventory method other than these two methods: ______ and _____.

Learn More :

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The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _______ method if they used an inventory method other than these two methods: and _.

The new ASU 2015 - 11 required companies with fiscal years beginning after 2016 to apply the _______ method if they used an inventory method other than these two methods: and _.