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EXTRA CREDIT: When the cost of inventory is rising, which inventory cost flow method will produce the lowest amount of ending inventory? FIFO LIFO
EXTRA CREDIT: When the cost of inventory is rising, which inventory cost flow method will produce the lowest amount of ending inventory? FIFO LIFO Weighted Average Some other answer. All methods will produce the same amount of cost of goods sold. QUESTION 25 EXTRA CREDIT: Which of the following best describes an epiphany? A non-accounting term that relates to an operating lease A choice between two equal alternatives None of these A sudden insight A choice that only seems like a choice QUESTION 26 EXTRA CREDIT: You want to withdraw $100,000 per year for the next five years starting in one year. If you deposit your money in a bank which pays interest at 10%, how much do you need to deposit to accomplish your goal? $ 500,000.00 $379,078.68 None of these $ 400,000.00 $331,212.68
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