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watching
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8 Nov 2018
10. If costs are rising, which of the following will be true? A. Cost of goods sold will be smaller if LIFO is used rather than FIFO. B. Ending inventory will be smaller if LIFO is used rather than FIFO. C. Net income will be greater if LIFO is used rather than FIFO. D. Tax expense will be greater if LIFO is used rather than FIFO.
10. If costs are rising, which of the following will be true? A. Cost of goods sold will be smaller if LIFO is used rather than FIFO. B. Ending inventory will be smaller if LIFO is used rather than FIFO. C. Net income will be greater if LIFO is used rather than FIFO. D. Tax expense will be greater if LIFO is used rather than FIFO.
Keith LeannonLv2
11 Nov 2018
