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_______ during a period of inflation. A-LIFO results in a higher inventory level in the balance sheet B-LIFO results in higher profits on the income

_______ during a period of inflation.

A-LIFO results in a higher inventory level in the balance sheet

B-LIFO results in higher profits on the income statement

C-FIFO results in a higher inventory level in the balance sheet

D-FIFO results in lower profits on the income statement

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