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Tags
#cfa-level-1 #expense-recognition #reading-25-understanding-income-statement
Question
[...] is an inventory accounting method that averages the total cost of available inventory items over the total units available for sale.
Answer
Weighted average cost method

Tags
#cfa-level-1 #expense-recognition #reading-25-understanding-income-statement
Question
[...] is an inventory accounting method that averages the total cost of available inventory items over the total units available for sale.
Answer
?

Tags
#cfa-level-1 #expense-recognition #reading-25-understanding-income-statement
Question
[...] is an inventory accounting method that averages the total cost of available inventory items over the total units available for sale.
Answer
Weighted average cost method
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4.1. General Principles
e previously recognized economic benefit.28 A general principle of expense recognition is the matching principle . Strictly speaking, IFRS do not refer to a “matching principle” but rather to a “matching concept” or to a process <span>resulting in “matching of costs with revenues.”29 The distinction is relevant in certain standard setting deliberations. Under matching, a company recognizes some expenses (e.g., cost of go

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statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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