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A fimm has decided to switch from FIFO to LIFO. Ceteris paribus (all things being cqual), what impact will the change in accounting have on

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A fimm has decided to switch from FIFO to LIFO. Ceteris paribus (all things being cqual), what impact will the change in accounting have on the following. variables? Assume an inflationary environment. Net profit will: A. increase E. decrease C. not change D, cannot determine

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