CFA Level 1 FRA | OCI This is a very important question from the Candidate Resources. Refer audio for the Query (Credits: L1 candidate Mikul Agarwal) Audio Response by Sanjay Sir attached in the Answer Section.
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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...
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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...
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My doubt In this question they asked to calculate the FIFO valuation of portion of inventories which are currently following LIFO so why in the answer they gave all the inventories basically the ans should ...
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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...
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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...
I was revising flashcards by CFAI when I found these two very confusing terms. Do you all have a better explanation or understanding of the difference between the two terms?
Kya Gross profit calculate karte waqt sales expenses deduct Karte . Book mein kiya hua Hai. Dono time 1st while calculating GP and 2nd while calculating profit
