1> The use of the lower of cost or market method to value inventory for reporting purposes is related to the accounting principle of:

		A. verifiability
		B. conservatism
		C. matching
		D. historical cost

2> The size of the LIFO cash flow advantage depends on all of the following EXCEPT

		A. days of inventory
		B. tax rate
		C. severity of input cost change
		D. rapidity of fixed asset turnover