Consider the following two statements: 1. If a company uses the LIFO cost flow method for its income tax return, it must also use LIFO for its financial statements. 11. V a company uses an accelerated depreciation method (i.e., double-declining balance) for its income tax return, it must also use an accelerated depreciation method for its financial statements. Which of the above statements (is) are true? alony bill only t both and Od neither statement is true