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Business, 19.03.2020 19:23 colexie7410

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?

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