at happens when a company is operating in an Inflationary environment? Multiple Choice ook The company's net Income will be higher if it uses LIFO than If It uses FIFO The company's assets will be lower If t uses LIFO as opposed to FiFO cost flow. The companys cost of goods sold will belower frtuses LiFo as opposed to FIFO. The company's net income will be the same regardless of whether LIFO or FIFO is used