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A firm has decided to switch from FIFO to Lifo. Ceteris parbus (all things being equal), what impact will the change in accounting have on

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A firm has decided to switch from FIFO to Lifo. Ceteris parbus (all things being equal), what impact will the change in accounting have on the following variables? A ssume an inflationary cnvironment. Net profit will: A increase B. decrease C. not change D. eannot detertine

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