Specific Identification can be used for inventory valuation under $\begin{array} { l l l }
& \underline{ \text {GAAP }} & \underline{ \text { IFRS }} \\end{array}$
A)$\begin{array} { l l l } &\text { Yes } & &\text { No } \\end{array}$
B)$\begin{array} { l l l } &\text { Yes } && \text { Yes } \\end{array}$
C)$\begin{array} { l l l }& \text { No } && \text {No } \\end{array}$
D)$\begin{array} { l l l } &\text { No } && \text {Yes }
\end{array}$

Question

Specific Identification can be used for inventory valuation under $\begin{array} { l l l } 
& \underline{ \text {GAAP  }} & \underline{ \text {  IFRS }} \\end{array}$
A)$\begin{array} { l l l }  &\text { Yes } & &\text { No } \\end{array}$
B)$\begin{array} { l l l } &\text { Yes } && \text { Yes } \\end{array}$
C)$\begin{array} { l l l }& \text { No } && \text {No } \\end{array}$
D)$\begin{array} { l l l } &\text {  No } && \text {Yes  }
\end{array}$

Quizplus · Accepted Answer

The Answer of Specific Identification can be used for inventory valuation under $\begin{array} { l l l } 
& \underline{ \text {GAAP  }} & \underline{ \text {  IFRS }} \\end{array}$
A)$\begin{array} { l l l }  &\text { Yes } & &\text { No } \\end{array}$
B)$\begin{array} { l l l } &\text { Yes } && \text { Yes } \\end{array}$
C)$\begin{array} { l l l }& \text { No } && \text {No } \\end{array}$
D)$\begin{array} { l l l } &\text {  No } && \text {Yes  }
\end{array}$

Specific Identification Can Be Used for Inventory Valuation Under GAAP ‾ IFRS ‾\begin{array} { l l l } & \underline{ \text {GAAP }} & \underline{ \text { IFRS }} \\\end{array}​GAAP ​​ IFRS ​​

Specific Identification Can Be Used for Inventory Valuation Under $\begin{array} { l l l } & \underline{ \text {GAAP }} & \underline{ \text { IFRS }} \\\end{array}$