Choosing a cost flow assumption (LO 10-4, LO 10-7, LO 10-9) capital. b. The Jeanette's board of directors is contemplating a proposal to reward the top corporate management with an incentive bonus based on accounting net income. can show higher income in the financial reports and "look good." the first place." e. However, the president would like to adopt the method that provides both a better application of the matching principle and a more current measure of inventory on the balance sheet. f. The controller suggests that Jeanette adopt the FIFO method because higher accounting income means a higher stock price. Required: expects an upward trend in inventory prices