Companies usually prefer to pay as low an income tax as they legally can. Therefore, they prefer

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Companies usually prefer to pay as low an income tax as they legally can. Therefore, they prefer the method that results in the [lower /

higher] cost of sales. If prices are rising, this is usually the [FIFO / LIFO]

method.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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