2) What is the disadvantage of the FIFO method of stock valuation? Give ONLY 2 disadvantages.?


Answers:    Not sure but what if you bought 1 share at $10 and then another for $200 while the current price is $30. With First in, first out you will own to report a gain of $20 for the first share you bought even though overall you are down.

That is all I can think of.
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