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A firm has decided to switch from FIFO to L.IFO. Ceteris paribas (all thingspeing equan), what iqupact will the change in accounting have on the

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A firm has decided to switch from FIFO to L.IFO. Ceteris paribas (all thingspeing equan), what iqupact will the change in accounting have on the follersing variables? A ssume an inflationary environment. Gross profit will- A increase 2. decrease C. not change D. cannot delermine

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