The requirement that companies use the same cost flow assumption of all goods of a similar nature is found in $\begin{array}{lrr}
&\text { \underline{\text{GAAP }} } & \text { \underline{\text{ IFRS }} } \
a. &\text { Yes } & \text { No } \
b. &\text { Yes } & \text { Yes } \
c. & \text {No } & \text { No } \
d. &\text { No } & \text { Yes }
\end{array}$

Question

The requirement that companies use the same cost flow assumption of all goods of a similar nature is found in $\begin{array}{lrr}
&\text { \underline{\text{GAAP }}   } & \text { \underline{\text{ IFRS  }} } \
 a. &\text { Yes } & \text { No } \
b. &\text {  Yes } & \text { Yes } \
 c. & \text {No } & \text { No } \
d. &\text {  No } & \text { Yes }
\end{array}$

Quizplus · Accepted Answer

The Answer of The requirement that companies use the same cost flow assumption of all goods of a similar nature is found in $\begin{array}{lrr}
&\text { \underline{\text{GAAP }}   } & \text { \underline{\text{ IFRS  }} } \
 a. &\text { Yes } & \text { No } \
b. &\text {  Yes } & \text { Yes } \
 c. & \text {No } & \text { No } \
d. &\text {  No } & \text { Yes }
\end{array}$

The Requirement That Companies Use the Same Cost Flow Assumption