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3. Which of the following is true? The choice of LIFO versus FIFO will: A) not affect net income or cash flow from operations B)

3. Which of the following is true? The choice of LIFO versus FIFO will: A) not affect net income or cash flow from operations B) not affect net income but will affect cash flow from operations C) affect both net income and cash flow from operations D) affect net income but will not affect cash flow from operations

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