GAAP's provision for ownership of goods (goods-in-transit or consigned goods), as well as which costs to include in inventory, as compared to IFRS are: 
Correct Answer:
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Q145: LIFO can be used
A)under neither GAAP nor
Q154: GAAP defines market for lower-of-cost-or market essentially
Q155: IFRS defines market for lower-of-cost-or market as
A)net
Q228: Another problem is that the costs of
Q238: Under GAAP, companies can choose which inventory
Q240: Arnold Pharmacy reported cost of goods sold
Q241: The requirement that companies use the same
Q244: The option to value inventory at fair
Q245: Certain agricultural and mineral products can be
Q248: Inventory written down under lower-of-cost-or market may
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