Business, 22.04.2020 03:59 jesh0975556

Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have made different accounting method choices. Company B reported lower COGS than Company A this year. Prices rose throughout the year. Both companies took a PP&E write downs in 2016. Company B reversed the write down and wrote the assets back up this year. Which of the two companies most likely reports under US GAAP?A. A onlyB. B onlyC. A and BD. Neither A nor B

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Consider the following statements regarding Company A and Company B:The two companies have identical...

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