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ACC 290 Week 4 Discussion Question 3 V2

This file ACC 290 Week 4 Discussion Question 3 V2 comprises solution of these problems: "Why do generally accepted accounting principles require the use of lower of cost or market in valuing inventory? What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? How does a company determine what cost flow assumption they should use?"

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