The choice of inventory valuation method can help achieve each of the following independent goals,except:
A)Reduce cost of merchandise acquired from suppliers.
B)Increase reported net income.
C)Increase the inventory turnover rate.
D)Reduce the amount of income taxes owed.

Question

Quizplus · Accepted Answer

The choice of inventory valuation method does not directly reduce the cost of merchandise acquired from suppliers; it affects the accounting and reporting of inventory costs, not the actual costs paid to suppliers.

The Choice of Inventory Valuation Method Can Help Achieve Each