Earn a Thumbs-Up w/ Correct Answer to the following multi-part question:

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C)

Which statement is true? A. The inventory method that best matches current expense with current revenue is FlFo. B. An error overstating ending inventory in 2016 will understate 2016 net income. C. When prices are rising, the inventory method that results in the lowest ending inventory value is FlFO D. Application of the lower-of-cost-or-market rule often results in a lower inventory value