Different inventory valuation methods do not affect:
A) profit.
B) cost of sales.
C) liabilities.
D) assets.

Name: Different inventory valuation methods do not affect: A) profit. B) cost of sales. C) liabilities. D) assets.
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Question

Quizplus · Accepted Answer

Inventory valuation methods primarily affect the cost of goods sold and ending inventory balances, thus impacting profit and assets. Liabilities, however, are not directly affected by how inventory is valued.

Different Inventory Valuation Methods Do Not Affect