In the Blue snaps article, "electronic payments across the world", it is interesting to search a country like Algeria and find that they do not offer Amex or JCB to make purchases...
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The Last In, First Out method may seem counter intuitive to some, but it has its applications. Specifically, if more recent inventory purchase costs have been higher due to inflation or trending issues, selling the most recent (higher cost) inventory items first can help the business decrease the book value of their inventory..
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False
The First In, First Out (FIFO) method is the most commonly used accounting system for periodic management of inventory. Through this system, the inventory on-hand the longest is to be sold first...
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False
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The Last In, First Out method may seem counter intuitive to some, but it has its applications. Specifically, if more recent inventory purchase costs have been higher due to inflation or trending issues, selling the most recent (higher cost) inventory items first can help the business decrease the book value of their inventory.
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