The selection of an appropriate inventory cost formula for an individual company is made by
A) the external auditors.
B) the CICA for private companies.
C) the International Financial Reporting Standards for public companies.
D) management.

Question

Quizplus · Accepted Answer

Management is responsible for selecting the appropriate inventory cost formula for a company, as it involves making strategic decisions based on the company's specific operational needs and financial reporting requirements.

The Selection of an Appropriate Inventory Cost Formula for an Individual