Which of the statements is correct? In the United States:
A) there is a requirement to use the same cost flow assumption for taxation and financial reporting purposes
B) for perishable goods FIFO must be used
C) FIFO is not allowed for taxation purposes
D) none of the statements is correct

Question

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The Answer of Which of the statements is correct? In the United States:
A) there is a requirement to use the same cost flow assumption for taxation and financial reporting purposes
B) for perishable goods FIFO must be used
C) FIFO is not allowed for taxation purposes
D) none of the statements is correct

Which of the Statements Is Correct? in the United States