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During a period of steadily falling prices, which of the following methods of measuring the cost :Pof goods sold is likely to result in the

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During a period of steadily falling prices, which of the following methods of measuring the cost :Pof goods sold is likely to result in the lowest income taxes a. Average-cost o b. None of the above O .c. Next-in, first-out o d. First-in, first-out

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