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C O Not secure E connect A firm has used LIFO for several years during which costs have trended higher If this firm achieves a

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C O Not secure E connect A firm has used LIFO for several years during which costs have trended higher If this firm achieves a substan effect on 2017 net income of the inventory reduction, compared to having no change in inventory tothe end of 2017, O net income for 2017 will be greater if the inventory quantity declines O net income for 2017 will be less if the inventory quentity decines O can't tell from the information given O net income for 2017 will not be affected because of the inventory quantity decine

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