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4. Astro Company changed its inventory cost flow assumption from FIFO to LIFO in a period of rising prices. What was the result of
4. Astro Company changed its inventory cost flow assumption from FIFO to LIFO in a period of rising prices. What was the result of the change on net income in the year of the change? a. Increased net income b. Decreased net income c. No change in net income d. Cannot determine from the information provided
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
131495380, 978-0131495388
