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44. Company uses LIFO and prices are rising, purchase more inventory near the end of the reporting period will: Select one: a. have no effect
44. Company uses LIFO and prices are rising, purchase more inventory near the end of the reporting period will:
Select one:
a. have no effect on the amount of cost of goods sold
b. decrease cost of goods sold
c. increase income taxes paid
d. decrease the net income
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